India: Bids drop by INR 200/t in SAIL-BSL pig iron auction

  • SAIL-Bokaro Steel Plant held two auctions for 2,000 t (1 rake) and 150 t of steel grade pig iron on 17 Aug’22. In both the auctions, the entire quantity was booked at an average price of INR 45,850/t and 46,450/t exw respectively.
  • In the previous auction conducted on 3 Aug, around 4,000 t was booked at an average price of INR 46,050/t exw.

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