Tag: SAIL Burnpur pig iron auction

India: Pig iron prices fall to nine-month low at SAIL-IISCO auction

Dec 4, 2021

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by

Kamal Gohil

in Pig Iron

SAIL held an auction for 1,500 t of steel grade pig iron (by road) on 4 Dec’21 from its IISCO steel plant in West Bengal. Buyers booked the entire quantity at a weighted average price of INR 36,000/t exw. At the previous auction conducted on 1 Dec, the bid price stood at INR 36,200/t. However,…