India: Bid price falls by INR 2,300/t ($31) in Vizag Steel’s pooled iron auction

In Vizag Steel’s pooled iron auction held on 11 Feb’21, the entire material of 3,000 t was booked at INR 27,700/t ex-works, which is INR 2,300/t lower than its previous auction. The last auction conducted on 18 Jan ’21 for 5,000 t pooled iron, received bids at INR 30,000/t exw.