Tag: SAIL BSP ferrous auction result

India: Bids at SAIL’s secondary steel auction drop by INR 500/t

Jul 8, 2021

—

by

Shankar

in Billet, HR Plate, HRC, Melting Scrap, Structure, Wire Rod

Steel Authority of India Limited (SAIL) conducted an auction from Bhilai Steel Plant in Chhattisgarh for defective steel products on 2 Jul ’21. The bid prices for steel bloom dropped by INR 500/t ($6/t) against the previous auction conducted on 16 Jun. A total of 12,800 t of defective steel was put up for auction…