Author: Sagar
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India: Sales drop by around 50%, m-o-m, in SAIL pig iron auctions in August
Sales of pig iron at auctions conducted by SAIL in August 2022 fell around 50%, m-o-m, to 27,640 tonnes (t) from over 54,000 t in July, as per SteelMint data. Apart from April, auctioned volumes in August sunk to the lowest level this year as steel prices remained depressed and steelmakers faced margin loss in…