India: Bid prices rise in NMDC’s latest pig iron auction

NMDC’s steel plant in Nagarnar, Chhattisgarh, auctioned 10,000 t of steel-grade pig iron on 7 Aug’25, with the entire quantity getting booked at an average price of INR 32,400/t (by road). However, management approval is still pending. Bids increased by INR 950/t from the previous auction on 17 Jul for 10,000 t in which the entire quantity was booked at an average of INR 31,450/t (by road).


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