Tag: SAIL RSP Pig iron auction result

India: Bids drop by INR 1,550/t at SAIL-RSP pig iron auction

Nov 13, 2021

—

by

Kamal Gohil

in Pig Iron

SAIL held an auction for 2,300 t of basic grade pig iron (in 23 units) on 13 Nov’21 from the Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire 23 units at a weighted average price of INR 41,700/t exw, sources informed SteelMint. Bid prices decreased by INR 1,550/t in comparison with the previous…