Intel Details

India: Bids drop in SAIL's Burnpur pig iron auction

Pig Iron
2 Jun 2021, 10:04 IST
Steel Mint Intel

Government-owned steel mill SAIL conducted an auction for 1,000 t basic grade pig iron yesterday from its IISCO Steel Plant, Burnpur. The entire quantity was booked at INR 37,450/t, exw, sources reported. Bids fell by INR 1,100/t compared to the previous auction conducted on 11 May'21 for 2,500 t that was concluded at a weighted average price of INR 38,550/t, exw, as per SteelMint reports.

2 Jun 2021, 10:04 IST
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