India: Bids increase by INR 4,250/t at SAIL-BSP’s pig iron auction

SAIL-Bhilai Steel Plant (BSP) held an auction for 4,950 t of steel-grade pig iron on 22 April’24. According to sources, the entire quantity was booked at an average price of INR 40,550/t exw.
Bids increased by INR 4,250/t compared to the last auction (07 March) at which the entire quantity was booked at an average price of INR 36,300/t exw.