SAIL conducted an auction for 1,700 t of basic grade pig iron today from its Durgapur Steel Plant, West Bengal. Buyers booked the entire quantity at a weighted average price of INR 37,250/t exw, sources reported to SteelMint. Bids decreased by INR 350/t as compared to the previous auction conducted on 28 April which was concluded at INR 37,600/t exw.
Leave a Reply