Tag: SAIL BSP defective steel auction result

India: SAIL-BSP sells 15,722 t of blooms at recent secondary steel auction

Nov 27, 2021

—

by

Shankar

in Billet, HR Plate, Melting Scrap, 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 26 Nov’21. The bid prices for steel blooms dropped by INR 1,700/t ($22/t) against the previous auction conducted on 17 Nov ’21. The drop in bid prices was largely in line with…