Category: Pig Iron
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India: NMDC maintains base price in latest pig iron auction, offtake declines amid buyer caution
Tight supply, high raw material costs support stable base prices Buyers remain selective, limit purchases at current levels In NMDC’s latest pig iron auction conducted on 5 September 2026, 3,000 t out of the 7,000 t offered was booked at a base price of INR 38,500/t ex-works, unchanged from the previous auction. In the previous…