Tag: SAIL Burnpur pig iron auction result

India: SAIL-IISCO pig iron auction fails to attract participation

Jun 7, 2022

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by

Kamal Gohil

in Pig Iron

Steel Authority of India Ltd (SAIL) conducted an auction for 1,000 t of basic grade pig iron on 6 Jun’22 from its IISCO Steel Plant. The base price was set at INR 47,000/t, but buyers showed no interest due to the high floor price and the auction closed without a single bid being placed. SteelMint…