At Vizag Steel’s pooled iron auction, held on 26 May’21, the entire quantity of 2,400 t was booked at INR 33,700/t, exw. The bid price fell by INR 2,500/t compared to the last auction. However, the company’s management approved all the lots. The previous auction on 15 May’21 for 2,100 t was concluded at INR 36,200/t, exw. In another auction held on 22 May the price received was INR 34,500/t, which was not approved by the company.
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