Tag: SAIL BSP secondary steel auction result

India: SAIL BSP’s defective steel auction sees rise in bid prices by INR 1,310/t ($17/t)

Dec 20, 2021

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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 16 Dec’21. The bid prices for steel blooms increased by INR 1,310/tonne ($17.17/t) against the previous auction conducted on 06 Dec’21. Around 18,798 t of defective steel were put up for auction, of which…