{"id":71543,"date":"2026-07-12T17:06:57","date_gmt":"2026-07-12T11:06:57","guid":{"rendered":"https:\/\/biztrend24.com\/?p=71543"},"modified":"2026-07-12T17:06:57","modified_gmt":"2026-07-12T11:06:57","slug":"india-prices-inch-up-at-sail-bsl-pig-iron-auction-despite-limited-buying-interest","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=71543&lang=en","title":{"rendered":"India: Prices inch up at SAIL-BSL pig iron auction despite limited buying interest"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Only 50% of offered volume booked as buyers remain cautious<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Minor price hike can be attributed to strong exports, tight supply<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-start=\"303\" data-end=\"816\">SAIL-Bokaro Steel Plant (BSL) auctioned 14,000 t of steel-grade pig iron on 10 July 2026, with only 7,000 t (50%) of the offered quantity sold at an average price of INR 36,500\/t exw. The average bid price improved marginally by INR 100\/t from the previous auction held on 24 June, when the entire 14,000 t was sold at INR 36,400\/t exw. In the latest auction, only two of the four rakes on offer were booked, reflecting restrained buying despite the slight price increase.<\/p>\n<p data-start=\"818\" data-end=\"1186\">Market participants said buyers remained cautious as finished steel demand in the eastern region continued to lack momentum, prompting mills and foundries to procure pig iron only against immediate production requirements. The marginal rise in auction prices was supported more by sellers&#8217; firm pricing stance than by any meaningful improvement in demand fundamentals. Prices were also supported due to export activity and limited material availability in the market.<\/p>\n<p data-start=\"1188\" data-end=\"1679\">In the Bokaro-Jharkhand belt, procurement activity has remained measured. Sellers noted that buyers were reluctant to build inventories, preferring to wait for clearer demand signals before committing to larger volumes. The partial allocation in the latest auction suggests that current price levels are meeting resistance from consumers, even as producers attempt to maintain realisations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only 50% of offered volume booked as buyers remain cautious Minor price hike can be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":71544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-71543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=1280%2C720&ssl=1?v=1783854412",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?resize=150%2C150&ssl=1?v=1783854412",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=300%2C169&ssl=1?v=1783854412",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=640%2C360&ssl=1?v=1783854412",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=640%2C360&ssl=1?v=1783854412",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=1280%2C720&ssl=1?v=1783854412",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=1280%2C720&ssl=1?v=1783854412",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?resize=1115%2C715&ssl=1?v=1783854412",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?resize=800%2C500&ssl=1?v=1783854412",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=1024%2C576&ssl=1?v=1783854412",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?resize=540%2C340&ssl=1?v=1783854412",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?resize=400%2C250&ssl=1?v=1783854412",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-24-2.jpg?fit=1280%2C720&ssl=1?v=1783854412","jetpack-related-posts":[{"id":69364,"url":"https:\/\/biztrend24.com\/?p=69364&lang=en","url_meta":{"origin":71543,"position":0},"title":"India: SAIL-BSL pig iron auction achieves full allocation amid INR 800\/t w-o-w bid increase","author":"Biz Trend 24","date":"June 25, 2026","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-25T161912.869.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-25T161912.869.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-25T161912.869.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-25T161912.869.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-25T161912.869.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":66352,"url":"https:\/\/biztrend24.com\/?p=66352&lang=en","url_meta":{"origin":71543,"position":1},"title":"India: SAIL-BSL&#8217;s pig iron auction records steep INR 1,850\/t correction in bids","author":"Biz Trend 24","date":"May 19, 2026","format":false,"excerpt":"SAIL-BSL conducted a pig iron auction for 10,500 t on 16 May26, comprising three lots of 3,500 t each. Only one lot was booked at INR 37,050\/t exw, while the remaining 7,000 t remained unsold and will be re-auctioned on 20 May'26. Bids declined sharply by INR 1,850\/t compared to\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-19T162440.201.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-19T162440.201.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-19T162440.201.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-19T162440.201.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-2026-05-19T162440.201.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":67979,"url":"https:\/\/biztrend24.com\/?p=67979&lang=en","url_meta":{"origin":71543,"position":2},"title":"India: SAIL-RSP pig iron auction witnesses sharp drop in bookings; bids ease by INR 50\/t","author":"Biz Trend 24","date":"June 10, 2026","format":false,"excerpt":"SAIL-RSP auctioned 5,000 t of steel-grade pig iron on 10 Jun'26, with only 1,100 t of the offered quantity booked at an average price of INR 37,100\/t exw. Bids declined marginally by INR 50\/t from the previous auction held on 2 Jun'26. In the earlier auction, the entire 3,400 t\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":67517,"url":"https:\/\/biztrend24.com\/?p=67517&lang=en","url_meta":{"origin":71543,"position":3},"title":"India: SAIL-RSP pig iron auction sees entire volume booked at lower bids","author":"Biz Trend 24","date":"June 8, 2026","format":false,"excerpt":"SAIL-RSP auctioned 3,400 t of steel-grade pig iron on 2 Jun'26, with the entire offered quantity booked at an average price of INR 37,150\/t exw. Bids declined by INR 400\/t from the previous auction held on 28 May, indicating continued pressure on market sentiment. 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Prices increased by INR 550\/t compared to the 1 Apr'26 auction, where 3,500 t were sold at INR 38,350\/t. This indicates\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-12-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-12-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-12-2.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-12-2.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-12-2.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53035,"url":"https:\/\/biztrend24.com\/?p=53035&lang=en","url_meta":{"origin":71543,"position":5},"title":"India: Bids rise by INR 4,350\/t in SAIL-RSP&#8217;s latest pig iron auction","author":"Biz Trend 24","date":"January 6, 2026","format":false,"excerpt":"AILs Rourkela Steel Plant (RSP) conducted an auction on 05 Jan'26 for 3,500 t of steel-grade pig iron, in which the entire quantity was booked at an average price of INR 38,100\/t exw. This marks a rise of INR 4,350\/t compared to the previous auction on 18 Dec'25, in which\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-06T123613.257.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-06T123613.257.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-06T123613.257.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-06T123613.257.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-06T123613.257.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/71543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71543"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/71543\/revisions"}],"predecessor-version":[{"id":71545,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/71543\/revisions\/71545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/71544"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}