Tag: SAIL BSP ferrous auction result
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India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 1,750/t ($23/t)
Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 28 Jul’21. The auction fetched a better response on improved buying interest, sources said. Around 10,473 tonnes (t) of defective steel were put up for auction, of which 81% of the material, equivalent to…