India: Bid price rises by INR 900/t at Vizag Steel’s pooled iron auction

At Vizag Steel’s pooled iron auction on 10 Jul’21, the entire quantity of 3,150 t on offer got booked at INR 33,100 /t exw. The bid price increased by INR 900/t compared to the previous auction. At the previous pooled iron auction on 2 Jul, bids closed at INR 32,200/t exw, as per SteelMint reports. The company has scheduled the next pooled iron auction for a similar quantity on 16 Jul.