Tag: SAIL BSP secondary steel auction result

India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 1,250/t ($16/t)

Dec 28, 2021

—

by

Shankar

in Billet, HR Plate, Melting Scrap, Rebar, 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 24 Dec’21. The bid prices for steel blooms increased by INR 1,250/tonne ($16.69/t) against the previous auction conducted on 16 Dec’21. Around 15,064 t of defective steel were put up for auction, of which…