Tag: SAIL pig iron auction result

India: Bids plunge by up to INR 1,700/t ($23) in SAIL’s recent pig iron auctions

Feb 3, 2021

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by

Shankar

in Pig Iron

Govt. owned – Steel Authority of India Ltd (SAIL) conducted three pig iron auctions today for around 8,650 t from Bhilai, 8,550 t from Bokaro & 2,000 t from its Burnpur Steel Plant. As per sources, bids fell by around INR 1,500-1,700/t compared to the previous auctions. Auction from Bhilai fetched weighted average bids at…