SAIL held an auction for 10,700 t of basic grade pig iron (in 107 units) on 2 May’22 from the Rourkela Steel Plant (RSP). Buyers booked the entire quantity at a weighted average price of INR 55,900/t exw. Bid prices decreased by INR 2,100/t ($27/t) against the previous auction from RSP held on 27 Apr. In another auction today from the IISCO Steel Plant in Burnpur, 550 t of pig iron was booked at 54,700/t exw.
Leave a Reply