Author: Harshit Tiwari
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India: NMDC’s latest pig iron auction sees mixed response amid subdued market dynamics
NMDC raises auction prices, reduces quantity offered High pig iron supply, weak finished demand trouble market NMDC’s Nagarnar Steel Plant in Chhattisgarh conducted an auction for 12,500 tonnes (t) of steel-grade pig iron on 30 January 2025. Of the total quantity, 4,000 t were booked at an average price of INR 31,500/t. The base price…