India: Bid prices rise by around INR 1,100/t at SAIL-DSP pig iron auction

Steel Authority of India Limited (SAIL) held an auction for 2,000 t of steel grade pig iron on 24 June from Durgapur Steel Plant (DSP). Buyers booked the entire quantity at a weighted average price of INR 44,225/t exw, sources informed SteelMint. At the company’s previous auction on 8 June, 1,500 t of similar grade material was booked at INR 43,100/t exw.


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