Tag: SAIL RSP Pig iron auction result

India: Bids drop by INR 400/t at SAIL-RSP pig iron auction

Jan 5, 2022

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by

Kamal Gohil

in Pig Iron

SAIL held an auction for 8,500 t of basic grade pig iron (in 85 units) on 5 Jan’22 from the Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire quantity at a weighted average price of INR 37,950/t exw, sources informed SteelMint. Bid prices decreased by INR 400/t in comparison with the previous auction…