Author: Sagar
-
India: Bids drop by INR 500/t at SAIL-BSP pig iron auction
SAIL’s Bhilai Steel Plant (BSP) held an auction for 5,000 t of steel grade pig iron on 20 Oct. The bids received ranged between INR 42,500-43,050/t exw; however, the company rejected bids less than INR 43,000/t. Bids were approved for a total quantity of 1,800 t at INR 43,000-43,050/t exw. In the previous auction on…