Tag: SAIL BSP defective steel auction result

India: Bids at SAIL’s secondary steel auction continue to trend down

Aug 19, 2021

—

by

Shankar

in Billet, HR Plate, INGOT, Melting Scrap, Rebar, Structure, Wire Rod

Steel Authority of India Limited (SAIL) had conducted an auction from its Bhilai Steel Plant (BSP) in Chhattisgarh for defective steel products on 17 Aug’21. The bid prices for steel bloom dropped by INR 920/t ($12/t) against the previous auction conducted on 9 Aug’21. The drop in bid prices was largely in line with the…