India: Bids at SAIL-RSP pig iron auction fall by INR 2,250/t

SAIL Rourkela Steel Plant (RSP) auctioned 4,500 t of steel-grade pig iron on 21 May’26, with the entire quantity booked at an average price of INR 37,750/t exw. Bids declined by INR 2,250/t against the previous auction held on 8 May’26, where 500 t were sold at INR 40,000/t exw.


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