Author: Manish Vasdev
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India: SAIL Pig Iron Auction Receives Dull Response Despite Reduction in Base Price
Steel Authority of India Ltd (SAIL) conducted auction today for 2,200 MT steel grade pig iron from its Rourkela steel plant (RSP) in eastern India. The participation remained weak despite reduction in base price by INR 300 (USD 4)/MT. SteelMint’s reliable sources revealed that, only about 250 MT pig iron was sold at the base…