Tag: SAIL BSP defective steel auction result

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 6 May 2022. Bid prices for steel blooms increased by INR 1,050/t ($13/t) against the previous auction conducted on 27 April 2022. The key factor attributed to the sharp increase in prices is the…