India: NMDC’s pig iron auction from Chhattisgarh receives weak response

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted an auction for 12,000 t of steel-grade pig iron (for rake transport) on 22 Apr’25. Of the total offered quantity, around 4,000 t was booked at the base price of INR 33,700/t. At the previous auction, out of 10,000 t on offer, 1,000 t (for road transport) was booked at the base price of INR 34,500/t.