India: NMDC’s latest pig iron auction sees limited bookings at lower price

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted an auction for 12,000 t of steel-grade pig iron (transported by rake) on 31 Jan’25. A limited amount – 4,000 t – was booked at an average price of INR 30,500/t. At the previous auction, of the 12,500 t on offer, 4,000 t were booked at the base price of INR 31,500/t (road transportation).