At SAIL’s 4,000 t steel grade pig iron auction on 22 Jun’22 from Bokaro Steel Plant (BSL), buyers booked the entire quantity at a weighted average price of INR 44,000/t exw. Bid prices increased by INR 1,000/t as against 8 Jun. Another auction on the same day from the Rourkela Steel Plant for 1,600 t of pig iron closed without a single bid being placed due to the high base price of INR 46,300/t.
Leave a Reply