Author: Manish Vasdev
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India: Foundry grade pig iron tender fails to elicit response
A major foundry grade pig iron producer in western India has floated a tender today for the Punjab/Delhi region, as per SteelMint. Market participants informed that there was no participation in the tender, as the reserve price stood high at around INR 41,000/t exw. The landed cost in the northern region would be around INR…