Tag: SAIL BSP defective steel auction result

India: Bid prices rise INR 1,140/t ($15/t) in SAIL-BSP defective steel auction

Feb 28, 2022

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by

Kamal Gohil

in Melting Scrap

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 25 Feb’22. The bid prices for steel blooms increased by INR 1,140/tonne ($15.10/t) as against the previous auction conducted on 17 Feb. Around 10,100 t of defective steel were put up for auction, of…