India: SAIL’s pig iron auction bids increase by around INR 570/t

SAIL conducted an auction for 5,700 t (2 rakes of 2,850 t each) OG grade (basic) pig iron today from its Bokaro Steel Plant (BSL), Jharkhand. The auction fetched bids at INR 26,700/t exw, with the entire material booked. The last auction conducted on 07 Oct’20 for 11,400 t (4 rakes) received bids at INR 26,000-26,200/t exw.


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