Steel Authority of India Ltd (SAIL) held an auction for 8,000 t of basic pig iron (in 80 units) on 2 Mar’22 from the Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire 80 units at a weighted average price of INR 52,200/t exw, the highest at SAIL auctions so far. Bid prices increased by INR 6,200/t from the previous auction held on 23 Feb.
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