Steel Authority of India Ltd (SAIL) held an auction for 8,000 t of basic pig iron (in 80 units) on 3 Jun’22 from the Rourkela Steel Plant (RSP). Buyers booked only 5,300 t (53 units) out of the total material at a weighted average price of INR 43,000/t exw, sources informed. Bid prices decreased by around INR 1,300/t against the previous auction held on 26 May.
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