Tag: SAIL BSP ferrous auction result

India: Bids at SAIL’s secondary steel auction drop on falling spot prices

Aug 11, 2021

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by

Shankar

in Billet, HR Plate, INGOT, Melting Scrap, Rebar, 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 9 Aug’21. The bid prices for steel bloom dropped by INR 880/t ($11/t) against the previous auction conducted on 28 Jul’21. The drop in bid prices was largely in line with decline…