SAIL held an auction for 4,800 t of basic pig iron (in 48 units) on 21 Apr’22 from the Rourkela Steel Plant (RSP) in Odisha. Buyers booked 43 units at a weighted average price of INR 59,800/t exw. However, approval is pending from the company’s management. Out of 4,800 t of similar grade material on offer in the previous auction, buyers had booked around 3,200 t at INR 57,950/t exw.
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