SAIL conducted an auction for 4,900 t of basic grade pig iron on 15 May ’21 from its Rourkela Steel Plant, Odisha. Entire quantity was booked at INR 39,150/t exw, sources reported to SteelMint. Bid price surged by INR 1,350/t ($18) compared to the previous auction conducted on 10 May which was concluded at a weighted average price of INR 37,800/t exw.
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