Category: Pig Iron
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India: NMDC sets higher base price at latest pig iron auction, offtake weakens
Bookings fall amid buyer resistance to higher prices Export economics support higher domestic offers In NMDC’s latest pig iron auction conducted on 1 September 2026, 3,900 t out of the 10,000 t offered were booked at a base price of INR 38,500/t ex-works, which was higher by INR 650/t from the previous auction. On 22…