India: Bids inch up by up to INR 350/t at SAIL’s RSP pig iron auction

  • SAIL-Rourkela Steel Plant (RSP) held an auction for 1,200 t of steel grade pig iron on 26 Dec’22. The entire quantity was booked at an average price of INR 39,645/t exw.
  • Bids inched up by INR 350/t compared to the previous auction. The last auction was conducted on 9 Dec’22 at which the entire quantity of 4,000 t was booked in the price range of INR 39,150-39,450/t exw.

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