Author: Manish Vasdev
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India: SAIL Pig Iron Auction Marked Weak Response
SAIL (Steel Authority of India Limited) conducted auction for around 6,250 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response despite reduction in base price of INR 500-550/MT (USD 7-8). As per sources, in today’s auction the company had kept base price at around INR 24,830/MT…