Author: Manish Vasdev

India: Bids fall sharply at pig iron auction by Jharkhand-based private mill

Nov 17, 2021

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by

Manish Vasdev

in Pig Iron

A Bokaro-based private steel plant conducted an auction for 3,000 t of steel grade pig iron on 16 Nov’21. As per trade sources, the auction concluded at around INR 40,500-40,600/t ex-plant, with bids falling sharply by INR 1,400-1,500/t compared to an earlier auction held last week. Steel grade pig iron prices fell by INR 1,500/t,…