Tag: SAIL BSP ferrous auction result

India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 510/t ($7/t)

Feb 21, 2022

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by

Shankar

in Billet, HR Plate, 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 17 Feb’22. The bid prices for steel blooms increased by INR 510/tonne ($6.85/t) against the previous auction conducted on 9 Feb’22. Around 10,192 t of defective steel were put up for auction, of which…