SAIL held an auction for 8,000 t of basic grade pig iron on 3 Sept’21 from its Bhilai Steel Plant (BSP) in Chhattisgarh. The entire quantity was booked at a weighted average price of INR 37,620/t exw, sources informed SteelMint. Bid prices decreased by INR 890/t ($12) compared to the previous auction on 23 Aug, which had been concluded at a weighted average price of INR 38,510/t exw.
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