Indian state owned steel maker Steel Authority of India Ltd (SAIL), pig iron auction held today received good response on reduced base prices by INR 400/MT (USD 6) as against company’s last auction.
SAIL had scheduled an auction today (25th June) to sale about 8,500 MT steel grade pig iron from its Rourkela Steel plant (RSP).
As per participants, RSP has received good response in this auction and company have been sold out about 6,500 MT, out of the offered material at 8,500 MT. The material have been sold at the base price of INR 28,100/MT, ex-plant.
Prior to this, RSP’s tender was held during 1st week of June in which the allotted quantity of pig iron was about 12,000 MT which was totally sold out at the base price of INR 28,500/MT ex-plant.
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