India: Prices decrease at SAIL-RSP’s pig iron auction even amid active response

SAIL’s Rourkela Steel Plant auctioned 1,100 t of steel-grade pig iron on 03 Feb’24. 700 t material was booked at an average price of INR 37,240/t exw. Bid prices decreased compared to the previous auction on 17 Jan’24, where entire material of similar-grade material was booked at an average price of INR 37,400/t exw.