PSU steelmaker Steel Authority of India Ltd (SAIL) held an auction for 9,500 t of basic grade pig iron (in 95 units) on 25 Nov’21 from the Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire 95 units at a weighted average price of INR 36,720/t exw, sources informed SteelMint. Bid prices decreased by INR 2,930/t in comparison with the previous auction on 20 Nov.
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