SAIL held an auction for 4,000 t (two rakes) of steel grade pig iron on 15 Dec’21 from Bokaro Steel Plant (BSL) in Jharkhand. Buyers booked the entire quantity at INR 37,800/t exw, SteelMint learnt from sources. Bid prices increased by INR 2,050/t compared to the previous auction on 8 Dec. However, the auction was not approved by the company’s management due to higher price expectations.
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