SAIL held an auction for 9,500 t of basic grade pig iron (in 95 units) on 23 Dec’21 from Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire 95 units at a weighted average price of INR 37,020/t exw, sources informed SteelMint. Bid prices decreased by INR 1,500/t in comparison with the previous auction on 16 Dec. The reason behind fall in bids was decline in offers by the private plants to the tune of INR 1,000/t, w-o-w.
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