India: Bids drop by INR 350/t at SAIL-BSP's pig iron auction
SAIL-Bhilai Steel Plant (BSP) held an auction for 2,990 t of steel-grade pig iron on 15 Dec'23. According to sources, entire quantity was booked at an average price of INR 36,250/t exw.Bids dropped sharply by INR 350/t compared to the last auction (15 Nov) at which entire quantity was booked at an average price of INR 36,600/t exw.