Author: Manish Vasdev
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India: Bids fall by INR 1,500/t at pig iron auction by Bokaro-based mill
A Bokaro, Jharkhand-based private mill conducted an auction for 4,000 t of steel grade pig iron on 22 Nov’21. The auction concluded at around INR 39,000-39,300/t ex-plant. The bids fell compared to an earlier auction for 3,500 t on 18 Nov, which had concluded at close to INR 40,500/t. Falling steel prices continue to weigh…