India: NMDC Nagarnar’s pig iron auction sees subdued response

On 25 Nov’24, NMDC’s Nagarnar steel plant conducted an auction for 32,000 t of steel-grade pig iron at a base price of INR 31,500/t. However, only 16,000 t were booked at an average price of INR 31,500/t. In the previous auction, on 21 Nov’24, 4,000 t were booked at an average price of INR 31,500/t.