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

NMDC’s steel plant in Nagarnar, Chhattisgarh, auctioned 10,000 t of steel-grade pig iron on 22 Aug’25, with the entire quantity booked at an average price of INR 32,000/t (by road). However, management approval is still pending. Bids fell by INR 400/t from the previous auction on 7 Aug for 10,000 t, in which the entire quantity was booked at an average of INR 32,400/t (by road).


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