India: SAIL’s pig iron auctions receive moderate response

  • SAIL held an auction for 4,000 t of steel grade pig iron on 20 July from Rourkela Steel Plant (RSP) in which 1,900 t was booked at an average price of INR 46,575/t exw.
  • In another auction from Bokaro Steel Plant for the same volume, no bids were received on base price of INR 46,200/t exw, sources informed.

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