Author: Manish Vasdev
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India: SAIL Pig Iron Auction Receives Dull Response Despite Reduction in Base Price
SAIL’s pig iron auction conducted today for 12,000 MT steel grade pig iron from its Rourkela Steel plant (Eastern India) has received weak response with around 70% material remaining unsold. As per sources, the company had reduced base price by INR 300/MT to INR 27,200/MT as against last auction in which base price was at…