Tag: SAIL BSP ferrous auction result
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India: SAIL BSP’s defective steel auction sees sharp decline in bids
Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 27 Oct’21. The bid prices for steel cc-blooms decreased by INR 2,800/tonne (t) ($37/t) against the previous auction conducted on 19 Oct’21. A total quantity of 11,884 t of defective steel were put up…