India: NMDC’s pig iron auction sees subdued buyer participation

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 10,000 t on 3 Mar’25. About 2,500 t received bids at the base price of INR 34,500/t. In the previous approved auction, held on 31 Jan, out of 12,000 t, 4,000t was booked at an average price of INR 30,500/t.


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