Steel Authority of India Ltd (SAIL) may increase steel grade pig iron offers from its Bhilai Steel Plant (BSP) for June deliveries. Due to material shortage in the spot market prices are likely to remain on higher side. In May, BSP traded steel grade pig iron at INR 22,500-700/MT EXW. Meanwhile fresh offers through the traders are learned at INR 24,500-700/MT FoR Raipur, up by INR 500-700/MT, W-o-W.
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