Tag: SAIL BSP

India: SAIL Auction for Defective Steel Products Observes Limited Participation over High Base Price

Jan 27, 2020

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by

Shankar

in Billet, Melting Scrap, Rebar, Structure, Wire Rod

Steel Authority of India Limited (SAIL) conducted an auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 25 Jan’20. Nearly 2,288.3MT defective billets was put up for auction out of which entire quantity got booked.The bids of billet (up to 110) were assessed at INR 29,500/MT(EXW-Bhilai). Except billet…