State-owned steel producer Vizag Steel conducted a pooled iron auction on 23 Nov’21. Out of the total quantity of 2,700 t, buyers booked 2,000 t at INR 35,600/t exw, SteelMint learnt from market sources. The bids placed were more or less stable compared to an earlier auction for 3,850 t of material which was held on 18 Nov. This auction had concluded at INR 35,550/t ex-plant.
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