SAIL held an auction for 1,600 t of basic grade pig iron (in 20 units) on 27 Jun’22 from the Rourkela Steel Plant (RSP). Due to higher offers, buyers booked only 50 t (one unit) out of the total material at the base price of INR 45,800/t exw. Another auction for 3,000 t from the IISCO Steel Plant didn’t receive bids due to the higher offer price of INR 45,000/t.
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