Tag: SAIL BSP ferrous auction result
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India: Bids climb at SAIL-BSP’s defective steel auction on raw material shortage
Steel Authority of India Limited (SAIL) conducted an auction from its Bhilai Steel Plant (BSP) for defective steel products on 31 Jan’22. The auction fetched a comparatively better response than the previous secondary steel auctions by SAIL, mainly due to facing coal and scrap shortage at domestic level, sources said. The bid prices for steel…