Category: Pig Iron
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Pig iron sales at SAIL auctions drop 56% in June while prices edge lower
Pig iron sales at auctions conducted by state-run steel producer Steel Authority of India Ltd (SAIL) decreased by over 56% to 34,050 t in Jun’21 compared with 78,700 t in May, data compiled by SteelMint reveals. Sales slumped because domestic demand for semi-finished steel continued to weaken throughout June, while a few auctions by SAIL…