Tag: SAIL BSP ferrous auction result

India: Success ratio at SAIL’s secondary steel auction at 9-month low

Nov 19, 2021

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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 17 Nov’21. A total of 23,041 tonnes (t) of defective steel had been put up for auction out of which only 34.56%, ie, 7,964 t of the material, got sold, while 15,077…