SAIL conducted an auction for 10,650 t of basic grade pig iron on 31 May’21 from its Bhilai Steel Plant (BSP) in Chhattisgarh. Out of the total quantity on offer, 10,400 t was booked at a weighted average price of 37,900/t, exw, sources informed SteelMint. Bid prices decreased by INR 1,650/t ($22) compared to the previous auction on 12 May which was concluded at a weighted average price of INR 39,550/t, exw. In another auction from Bokaro Steel Plant, 8,550 t (three rakes) of pig iron was booked at a weighted average price of INR 36,000/t, exw.
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