India: Bids rise by over INR 2,000/t at SAIL-BSL pig iron auctions

  • SAIL held two auctions for steel grade pig iron on 6 July from the Bokaro Steel Plant (BSL).
  • At the first auction for 4,000 t (two rakes), buyers booked the entire quantity at INR 45,450/t exw.
  • At the second auction for 150 t, the entire quantity was booked at INR 45,550/t exw.
  • Bid prices increased by INR 2,450/t and INR 2,550/t respectively compared to the previous auction from the plant.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *