SAIL held an auction for 2,500 t of basic grade pig iron on 10 Jul’21 from its Bhilai Steel Plant (BSP) in Chhattisgarh. The entire quantity was booked at INR 37,250/t exw, sources informed SteelMint. Bid prices decreased by INR 1,100/t ($14) compared to the previous auction on 10 Jun, which was concluded at a weighted average price of INR 38,350/t exw.
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