India: SAIL-DSP’s 1,500 t pig iron auction fails to receive bids

  • SAIL-Durgapur Steel Plant held an auction for 1,500 t of steel grade pig iron on 16 Sep’22. The auction failed to receive bids as the base price was high at INR 44,000/t exw.
  • In the previous auction conducted on 30 Aug’22, 3,000 t of the same grade material was booked at an average price of INR 44,428/t exw.

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