Tag: SAIL BSP defective steel auction result

India: SAIL BSP’s defective steel auction sees bid prices up by INR 800/t ($10/t)

Oct 21, 2021

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by

Kamal Gohil

in Billet, HR Plate, HRC, Melting Scrap, Structure, Wire Rod

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 19 Oct’21. The bid prices for steel blooms increased by INR 800/t ($10/t) against the previous auction conducted on 9 Oct’21. Around 5,368 tonnes (t) of defective steel were put up for auction. Buyers…