Tag: SAIL BSP ferrous auction result

India: Bid prices rise INR 10,650/t ($138/t) in SAIL-BSP defective steel auction

Mar 12, 2022

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by

Shankar

in Billet, Melting Scrap, Structure, Wire Rod

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 11 Mar’22. The bid prices for steel blooms increased by INR 10,650/tonne ($138.75/t) as against the previous auction conducted on 25 Feb. Around 9,223 t of defective steel were put up for auction, of…