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) had conducted an auction from its Bhilai Steel Plant (BSP) in Chhattisgarh for defective steel products on 27 April 2022. The bid prices for steel blooms dropped by INR 2,350/t ($30/t) against the previous auction on 19 April. The decline in bid prices was largely in line with the…