India: Bids drop in SAIL’s pig iron auction from IISCO

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SAIL-IISCO (ISP) Burnpur plant held an auction for 150 t of steel grade pig iron on 16 Dec’22. The entire quantity was booked at an average price of INR 39,100/t exw.
In the previous auction conducted on 21 Nov’22, the entire quantity of 150 t was booked in the price range of INR 39,900-40,100/t exw.

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