SAIL held an auction for 4,000 t of basic grade pig iron on 9 Aug’21 from its Rourkela Steel Plant (RSP) in Odisha. Out of the total offered quantity, buyers booked 3,800 t (38 units) at INR 37,900/t exw, sources informed SteelMint. Bid prices decreased by INR 350/t ($4/t) compared with the previous auction on 3 Aug’21, which was concluded at a weighted average price of INR 38,250/t exw, higher by INR 750/t compared to the previous auction on 28 Jul’21.
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