NMDC’s pig iron auction on 5 May ’26 witnessed limited participation, with only 4,700 t booked out of 8,000 t at a base price of INR 38,000/t exw. Bids declined by INR 100/t from the 23 April’26 auction in which the full 8,000 t was sold at INR 38,100/t exw, indicating slowing demand and cautious market sentiment.
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