Author: Manish Vasdev
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India: Pig iron sales at SAIL auctions plunge 50% m-o-m in Oct’22
Pig iron sales at auctions conducted by Steel Authority of India Ltd. (SAIL) fell sharply by around 50% m-o-m in October on weak domestic steel market fundamentals. Sales plunged to their lowest point since SAIL commenced auctions in June 2020: compared with over 30,000 tonnes (t) in September, sales dropped to just 15,600 t in…