India: Bid price increases by INR 850/t ($11) in Vizag Steel’s pooled iron auction

In Vizag Steel’s pooled iron auction held on 08 May’21, the entire material of 1,500 t was booked at INR 36,450/t exw, which is INR 850/t higher compared to the last auction conducted on 26 Apr’21, the entire material i.e.1,200 t was booked at INR 35,600/t ex-works.