India: Bid prices drop at Vizag Steel’s pooled iron auction

At Vizag Steel’s pooled iron auction on 9 Nov’21, the entire quantity of 3,050 t on offer got booked at INR 37,650/t exw. The bid price decreased by INR 2,100/t compared to the previous auction. At the previous pooled iron auction for 1,600 t on 27 Oct, the entire quantity had been booked at INR 39,750/t.


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