SAIL conducted pig iron auction for 1,100 basic grade today (25 Feb ’21) from Durgapur Steel Plant (DSP). The entire quantity put in the auction was booked at INR 34,300 /t exw. Bids increased by INR 4,550/t compared to the previous auction on 05th Feb. The previous auction for 1,200 t was concluded at a weighted average price of INR 29,750/t exw.
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