India: Bid prices decline by INR 500/t in NMDC’s latest pig iron auction

NMDC’s Nagarnar Steel Plant conducted auction for 10,000 t of steel-grade pig iron (for road transport) on 14 May’25. Of the total offered quantity, 4,500 t were booked at the base price of INR 32,500/t — INR 500/t lower than the bids at its 5 May’25 auction, where, out of the 10,000 t offered, 1,500 t were booked at the base price of INR 33,000/t (road transport).


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