India: Bids fall by INR 1,400/t at SAIL-RSP pig iron auction

  • SAIL-Rourkela Steel Plant held an auction for 1,000 t of steel grade pig iron on 21 Oct’22. The entire quantity was booked at an average price of INR 42,700/t exw.
  • At the previous auction conducted on 14 Oct’22 for the same grade, the entire quantity of 700 t was booked at an average price of INR 44,150/t exw.

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