Author: Manish Vasdev

SAIL conducted an auction from Bokaro Steel Plant on 13 Jan for 3 rakes (8,550 t) of pig iron. The auction closed with no bids, despite a reduction in reserve price by INR 1,300/t to around INR 34,000/t exw. The previous auction was concluded at INR 35,300/t on 6 Jan’21, as per participants. Reduced offers…