SAIL held an auction for 1,000 t of basic grade pig iron on 18 Aug’21 from its IISCO Steel Plant (ISP) in West Bengal. Buyers booked the entire quantity at INR 38,700/t exw, sources informed SteelMint. Bid prices increased by INR 800/t ($10/t) compared with the previous auction on 12 Aug, which had concluded at a weighted average price of INR 37,900/t exw.
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