PSU steelmaker Steel Authority of India Ltd (SAIL) has scheduled an auction for 3,400 t of steel grade pig iron (in 34 units) from Rourkela Steel Plant in Odisha on 28 Jul’21. At the previous auction on 16 Jul, 3,000 t of pig iron was booked at INR 37,150/t exw, as per SteelMint reports. Bid prices increased by INR 950/t ($12/t) compared to the previous auction on 9 Jul. On the same day, i.e. 28 Jul, SAIL’s IISCO Steel Plant too has scheduled an auction for 500 t of pig iron.
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