Tag: SAIL RSP Pig iron auction

India: Bids decrease by INR 1,300/t ($18) in SAIL’s RSP pig iron auction

Jan 15, 2021

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by

Shankar

in Pig Iron

SAIL conducted an auction today for 6,000 t pig iron from its Rourkela Steel Plant (RSP). Entire quantity put up for the auction got booked at INR 33,800/t exw which is lower by INR 1,300/t compared to the previous auction conducted on 08 Jan’21. Decline in domestic billet prices and price drop by eastern India…