Sales of pig iron at auctions conducted by PSU steelmaker Steel Authority of India (SAIL) in February stood at 8,750 t. Sales from SAIL saw a record y-o-y 79% drop in January to 7,000 t – a trend that may also keep prices firm. In fact, SAIL pig iron auctions saw sales falling by almost 60% to a mere 7,500 t in January 2023 from over 17,000 t in December, 2022.
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