Steel Authority of India Limited (SAIL) conducted an auction today for 10,500 t of basic grade pig iron from Bhilai Steel Plant (BSP). Buyers booked the entire quantity at a weighted average price of INR 43,100/t exw, sources informed SteelMint. At the company’s previous auction held on 5 May for 2,000 t of similar grade material, bookings had been concluded at INR 56,400/t exw.
Leave a Reply