India: Bids increase by INR 400/t in SAIL’s pig iron auction

SAIL conducted an auction for 6,300 t OG ( basic) grade pig iron yesterday from its IISCO Steel Plant (ISP),Burnpur (West Bengal). The auction witnessed a limited participation as only 4,300 t fetched bids at INR 27,000-27,850/t exw. The last auction conducted on 07 Oct’20 for 3,000 t was concluded at around INR 26,800-27,850/t exw