India: NMDC’s pig iron auction fetches lower bids, subdued response

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 15,000 t on 10 Jun’25. However, only 5,200 t were booked at an average price of INR 31,500/t (by road). However, management approval is still pending. In the previous approved auction, held on 22 May’25 for 2,000 t, the entire quantity were booked at an average price of INR 32,600/t (by road).


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