SAIL conducted an auction for 4,900 t of basic grade pig iron on 22 Apr ’21 from its Rourkela Steel Plant, Odisha. Entire quantity was booked at INR 38,600/t exw, sources reported to SteelMint. Bid price moved up by INR 270/t compared to the previous auction conducted on 13 Apr which was concluded at a weighted average price of INR 38,330/t exw. Another pig iron auction conducted from IISCO-Burnpur for 1,400 t was booked at INR 38,050/t exw.
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