Steel Authority of India Ltd (SAIL) held two auctions for around 14,000 t of basic grade pig iron on 22 Dec’21 from its Bhilai- and Bokaro-based steel plants. At Bhilai Steel Plant auction, the entire quantity (10,000 t) was booked at a weighted average price of INR 37,920/t while in Bokaro Steel Plant auction, 2 rakes (4,000 t) of pig iron were booked at INR 38,200/t exw. As per data maintained by SteelMint, prices increased by INR 500/t at both the auctions.
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