India: SAIL’s pig iron auction receive weak response due to high base offers

—

SAIL-Rourkela Steel Plant held an auction for 1,500 t of steel grade pig iron on 12 Nov’22, out of which only 200 t (two lots) material was booked at an average price of INR 41,100/t exw.
The response was poor due to high base (reserve) price as private plants in the Odisha are offering the same material at INR 39,500-40,000/t exw.

Comments