![]() Information is just for reference not intended for trading purpose or to address your particular requirement. However, except RSP, sales volumes declined drastically from other SAIL plants.ĭisclaimer:BigMint Technologies Private Limited has taken due care and caution in compilation of content for its web site. It deserves mention that bids at auctions from BSP as well as RSP rose in the range of INR 2,500-5,000/t compared with auctions in Jan. The weighted average price of bids was INR 46,000/t exw. Buyers actively participated in the auction and booked the entire quantity at INR 45,100-46,350/t. Similarly, 4,800 t was sold from the Rourkela Steel Plant (RSP) on 23 Feb. ![]() ![]() Bid prices increased by INR 2,770/t compared to the previous auction on 25 Jan. In the auction for 2,000 t of basic grade pig iron from the Bhilai Steel Plant (BSP), for instance, buyers booked the entire quantity at a weighted average price of INR 46,800/t exw. That apart, pig iron prices remained supported as steel prices headed north, thanks to noticeable recovery in domestic demand compared with the last quarter of CY'21. Prices at SAIL auctions edged higher on historic-high seaborne coking coal prices, which kept metallurgical coke prices stiff. Notably, sales at auctions had fallen in Q3 and Q4 of CY'21 compared to the previous quarters due to the rise in domestic merchant pig iron production. Notably, prices rose to an all-time high at auctions held in the first week of March.ĭespite active participation in auctions during Feb, sales dropped on higher internal consumption by SAIL as finished steel realisations increased sharply. However, demand remained firm throughout the month even as prices climbed to near-record highs at auctions. ![]() Sales of basic pig iron fell by over 20% at auctions conducted by state-owned steelmaker SAIL in Feb'22 to 27,900 tonnes (t) from nearly 36,000 t in Jan, SteelMint data show. ![]()
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