Tag: Pig iron auction
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India: SAIL’s Bokaro pig iron auction fails to elicit bids
State-run Steel Authority of India Ltd. (SAIL) conducted an auction for 2.850 t (one rake) of pig iron on 25 Aug’21 from its Bokaro Steel Plant in Jharkhand. The company started the auction at INR 38,000/t but was unable to attract buyers, as per sources. The auction closed without a single bid. At the previous…