At SAIL’s auction for 6,000 t (three rakes) of basic grade pig iron on 6 Oct’21 from Bokaro Steel Plant, the entire quantity was booked at a weighted average price of INR 44,000/t exw. Bid prices increased by INR 1150/t ($15/t) compared to the previous auction on 29 Sep, which had concluded at a weighted average price of INR 42,850/t exw.
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