India: Bid remains stable at Vizag Steel Plant’s pig iron auction

Vizag Steel Plant conducted an auction for 2,000 t of basic grade pig iron on 26 May’21. Out of the allotted quantity, only a single lot (200 t) was booked at INR 38,500/t, exw, sources informed SteelMint. Bid prices remained stable compared to the previous auction held on 19 May’21 for 4000 t in which 1,000 t was booked at INR 38,500/t