Govt. owned – Steel Authority of India Ltd (SAIL) conducted an auction today for 5,400 t (steel grade) pig iron from its Rourkela Steel Plant, Odisha. Buyers booked the entire quantity at INR 30,450/t exw. In the previous auction from RSP conducted on 22 Jan ’21, buyers booked only one lot i.e. 100 t out of the total quantity at INR 33,300/t which was approved by the company’s management. Sharp decline in domestic billet prices have pulled down bids in today’s auction.
Leave a Reply