Tag: SAIL BSP defective steel auction result

India: Around 25,000 t of defective steel sold by SAIL-BSP at recent auction

Apr 21, 2022

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by

Shankar

in Billet, HR Plate, Melting Scrap, Semi Finished, Semi Finished, 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 19 Apr’22. The bid prices for steel blooms dropped by INR 2,274/t ($29/t) against the previous auction on 23 Mar. The decline in bid prices was largely in line with the decline…