India: Entire offered volume booked at SAIL-BSP pig iron auction; bids fall by INR 600/t

SAIL-BSP concluded its 11 May26 auction for 2,990 t of steel-grade pig iron, with the entire quantity booked at an average price realisation of INR 38,500/t exw. Bids declined by INR 600/t from the 22 Apr26 auction, where 1,950 t were fully booked at INR 39,100/t, reflecting weaker market sentiment, cautious buying activity, and continued pressure from soft downstream demand.