Tag: rourkela steel plant pig iron auction result

India: Bids drop by INR 300/t at SAIL-RSP pig iron auction

Oct 9, 2021

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by

Kamal Gohil

in Pig Iron

SAIL held an auction for 3,300 t of basic grade pig iron (in 33 units) on 9 Oct’21 from the Rourkela Steel Plant. Buyers booked the entire quantity of 33 units at a weighted average price of INR 44,100/t exw, sources informed SteelMint. Bid prices decreased by INR 300/t ($ 3/t) in comparison with the…