Tag: SAIL BSP ferrous auction result

India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 640/t ($9/t)

Jan 6, 2022

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by

Shankar

in Billet, HR Plate, 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 4 Jan’22. The bid prices for steel blooms increased by INR 640/tonne ($8.61/t) against the previous auction conducted on 24 Dec’21. Around 15,173 t of defective steel were put up for auction, of which…