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

At Vizag Steel’s pooled iron auction on 18 Nov’21, the entire quantity of 3,850 t on offer got booked at INR 35,550/t exw. The bid price decreased by INR 2,100/t compared to the previous auction. At the previous pooled iron auction from the steel plant for 3,050 t on 9 Nov, the entire quantity had been booked at INR 37,650/t.


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