Tag: SAIL BSP ferrous auction result

India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 420/t ($5/t)

Feb 11, 2022

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by

Shankar

in Billet, Melting Scrap, Structure

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 9 Feb’22. The bid prices for steel blooms increased by INR 420/tonne ($5.58/t) against the previous auction conducted on 31 Jan’22. Around 9,756 t of defective steel were put up for auction, of which…