PSU steelmaker Steel Authority of India Ltd (SAIL) has scheduled an auction for 8,000 t of prime steel grade pig iron from the Bhilai Steel Plant (BSP) in Chhattisgarh on 22 Sept’21. At the previous auction on 14 Sept, 8,000 t of pig iron was booked at a weighted average price of INR 38,150/t exw, as per SteelMint reports. Bid prices increased by INR 530/t ($7) compared to the previous auction on 3 Sept which was concluded at a weighted average price of INR 37,620/t exw.
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