Tag: SAIL BSP

India: SAIL Auction for Defective Billet and Blooms Observes Limited Participation Over High Base Price

Jan 18, 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 16 Jan’20. Nearly 1066.3 MT defective billets were put up for auction but due to higher base price participation, not a single lot was sold. In the previous auction for billets…