India: SAIL’s RSP pig iron auction receives no response

  • SAIL held an auction for 1,000 t of basic grade pig iron on 5 July from Rourkela Steel Plant (RSP). However, buyers showed no interest due to higher base price at INR 45,800 exw.
  • In the previous auction held on 28 June, out of 1,600 t offered only 50 t was booked at INR 45,800/t exw.

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