SAIL held an auction for one rake (2,000 t) of basic grade pig iron on 10 Nov’21 from its IISCO plant. Buyers booked the entire quantity at a weighted average price of INR 41,100/t exw, sources informed. Bid prices decreased by INR 975/t compared to the previous auction on 3 Nov, which had concluded at a weighted average price of INR 42,075/t exw.
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