State-owned SAIL has scheduled two auctions for a total of 9,550 t of pig iron, as per SteelMint reports. SAIL’s Bokaro Steel Plant will conduct an auction for 8,550 t (2,850 t x 3 rakes) while from IISCO, Burnpur, 1,000 t of pig iron will be auctioned, it has been learnt. Both the auctions are scheduled for 26 May’21. The previous auction from Bokaro was concluded at INR 39,150/t, exw, and the last auction from IISCO received bids at INR 38,550/t, exw.
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