India’s Country-wise Pig Iron Exports (in Jan’21-Sep’22)

Sales of pig iron at auctions conducted by PSU steelmaker SAIL in September stood at 30,050 t. Sales dropped over 50% in August to around 28,000 t from over 54,000 t in July, as per SteelMint data. Auction volumes have been low over the past few months both in terms of allocations and sales. Prices, too, have fallen to INR 43,500/t exw Bhillai from around INR 47,000/t a month back amid overall bearish steel market sentiments.