India: SAIL-RSP’s pig iron auction receives subdued response

SAIL-Rourkela Steel Plant (RSP) held an auction for 5,500 t of steel grade pig iron on 14 Jun’24. 1,500t of the quantity were booked at an average price of INR 38,000/t exw. The last auction was conducted for 5,500 t of steel grade pig iron on 8 Jun’24 in which 3,400t quantity were booked at an average price of INR 38,900/t exw.