SAIL held an auction for 2,000 t (one rake) of steel grade pig iron on 18 May’22 from the Bokaro Steel Plant (BSL). The base price was set at INR 53,400/t, but buyers showed no interest and the auction closed without a single bid being placed. At the company’s previous auction on 11 May, 6,000 t of similar grade material had been booked at INR 53,450/t exw.
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