Author: Manish Vasdev
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India: SAIL Pig Iron Auction Receives Weak Response Despite Reduced Base Price
Steel Authority of India Ltd (SAIL) today conducted an auction for 1,950 MT steel grade pig iron from its Rourkela steel plant (RSP) in eastern India. The auction witnessed weak participation despite reduction in base price by INR 500 (USD 7)/MT. SteelMint’s reliable sources revealed that only about 100 MT pig iron was sold at…