Leading state-owned long steel producer, Vizag Steel, has scheduled an e-auction for around 3,850 t of pooled iron on 18 Nov’21. At the steelmaker’s previous auction conducted on 9 Nov, buyers booked 3,050 t at a weighted average price of INR 37,650/t exw. The bid price decreased by INR 2,100/t compared to an earlier auction conducted on 27 Oct.
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