SAIL held an auction for 2,000 t of basic grade pig iron on 10 Nov’21 from its Bokaro Steel Plant (BSL) in Jharkhand. The base price was set at INR 43,000/t, but buyers showed no interest and the auction closed without a single bid being placed. SAIL’s previous auction for 4,000 t from Bokaro at the same base price had also failed to attract participation.
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