India: SAIL’s pig iron auction receives no participation

Today, SAIL conducted an auction for 2,850t (by rake) mixed off grade (basic) pig iron from its Bokaro Steel Plant (BSL) Jharkhand. The auction received no response amid a higher base price (INR 28,850/t exw). In the previously conducted auction, on 12 Aug’20, for the same quantity, the company received the bids at INR 28,850/t, exw levels.


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