Author: Manish Vasdev
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India: SAIL Pig Iron Auction Receives Improved Response Upon Reduction in Base Price
SAIL conducted pig iron auction today for 2,450 MT steel grade material from its Rourkela Steel plant (eastern India). The participation remained weak. As per sources, in today’s auction the company has reduced base price by INR 2,500/MT (USD 35) to INR 27,800/MT as against last auction held on 13th Feb’20, in which base price…