India: Bids decline by INR 450/t ($6) in SAIL BSP pig iron auction

Steel Authority of India (SAIL) conducted an auction for around 6,000 t steel grade pig iron today from its Bhilai Steel Plant (BSP), Chhattisgarh. The auction received good participation as the entire material got booked at INR 26,600-27,100/t exw. The last auction conducted on 23 Sep’20 for 3,000 t was concluded at INR 27,250-27,400/t exw.


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