Tag: SAIL DSP PIG IRON AUCTION

India: Bids drop by INR 350/t ($4) in SAIL’s Durgapur pig iron auction

May 7, 2021

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by

Shankar

in Pig Iron

SAIL conducted an auction for 1,700 t of basic grade pig iron today from its Durgapur Steel Plant, West Bengal. Buyers booked the entire quantity at a weighted average price of INR 37,250/t exw, sources reported to SteelMint. Bids decreased by INR 350/t as compared to the previous auction conducted on 28 April which was…