SAIL conducted an auction today for 8,000 t of basic grade pig iron from Bhilai Steel Plant (BSP). Buyers booked the entire quantity at a weighted average price of INR 40,980/t exw, sources informed. Bid prices decreased by INR 2,510/t compared to the previous auction on 20 Oct. At the previous auction, 10,000 t of pig iron was booked at INR 43,490/t exw.
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