India: SAIL BSP's defective steel auction sees rise in bid prices by INR 250/t ($3/t)

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 2 Sep'21. The bid prices for steel bloom increased by INR 250/t ($3/t) against the previous auction conducted on 25 Aug'21.

Around 10,644 tonnes (t) of defective steel were put up for auction, of which 85.71% of the material, equivalent to 9124 t, got sold.

SteelMint's daily billet index was assessed at INR 39,900/t exw-Raipur, on 2 Sep'21.

Highlights:

Quantity in t
Price in INR/t on exw-Bhilai basis

For complete details of all other products, please click here->BSP Defective steel approval