India: Bids drop by INR 700/t at latest SAIL-RSP pig iron auction

SAIL’s Rourkela Steel Plant (RSP) auctioned 6,000 t of steel-grade pig iron on 13 May, with 1,500 t booked at a base price of INR 32,800/t exw. This marks an INR 700/t drop from the previous auction on 6 May, where 900 t were booked at INR 33,500/t exw.


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