India: NMDC Nagarnar’s pig iron auction sees higher offtake at lower bids

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 16,000 t on 16 Jun’25, of which 12,000 t were booked at an average price of INR 30,200/t (by rake). However, management approval is still pending. In the previous approved auction, held on 10 Jun’25 for 15,000 t, only 5,200 t were booked at an average price of INR 31,500/t (by road).