SAIL held an auction for 500 t of basic grade pig iron on 26 Oct’21 from the IISCO Steel Plant. Buyers booked the entire quantity at a weighted average price of INR 43,450/t exw, sources informed. Bid prices decreased by INR 850/t ($11) compared to the previous auction on 6 Oct, which had concluded at a weighted average price of INR 44,300/t exw.
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