SAIL held an auction for 1,000 t of basic grade pig iron on 3 Nov’21 from the IISCO Steel Plant. Buyers booked the entire quantity at a weighted average price of INR 42,075/t exw, sources informed. Bid prices decreased by INR 1,375/t ($18) compared to the previous auction on 26 Oct, which had concluded at a weighted average price of INR 43,450/t exw.
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