Author: Sagar
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India: Bids rise by over INR 2,000/t at SAIL-BSL pig iron auctions
SAIL held two auctions for steel grade pig iron on 6 July from the Bokaro Steel Plant (BSL). At the first auction for 4,000 t (two rakes), buyers booked the entire quantity at INR 45,450/t exw. At the second auction for 150 t, the entire quantity was booked at INR 45,550/t exw. Bid prices increased…