SAIL will conduct an auction for 4,800 t of steel grade pig iron (in 48 units) from Rourkela Steel Plant (RSP) on 16 Dec’21. At the previous auction from RSP on 9 Dec, 9,500 t of similar grade material was booked at a weighted average price of INR 36,150/t exw. Bid prices decreased by INR 300/t in comparison with an earlier auction held on 3 Dec.
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