India: SAIL-BSL pig iron auction achieves full allocation amid INR 800/t w-o-w bid increase
SAIL-BSL auctioned 14,000 t of steel-grade pig iron on 24 Jun’26, with the entire offered quantity sold at an average price of INR 36,400/t exw. Bids increased by INR 800/t from the previous auction on 17 Jun, when 7,000 t was fully booked at INR 35,600/t exw. The successful sale of a larger volume at higher prices indicates improved buying sentiment, with participants showing strong interest amid attractive pricing and firm market fundamentals.
