Author: Sagar
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India: Bid prices rise in SAIL’s pig iron auctions
SAIL held an auction for 4,000 t of steel grade pig iron on 11 July from Rourkela Steel Plant. Buyers booked the entire quantity at an average price of INR 46,720/t exw. Prices are higher by INR 921/t compared to previous auction. In another auction from IISCO plant, the entire quantity of 2,000 t was…