SAIL held an auction for 3,000 t of basic grade pig iron on 1 Jul’21 from its Rourkela Steel Plant (RSP) in Odisha. Out of the total quantity on offer, 2,900 t was booked at INR 36,000/t, exw, sources informed SteelMint. Bid prices decreased by INR 1,200/t ($16) compared to the previous auction on 23 Jun, which was concluded at a weighted average price of INR 37,200/t, exw.
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