At NMDC Nagarnar’s 29 Jan’26 pig iron auction, prices eased marginally amid cautious buyer sentiment and selective purchasing activity, though booking volumes improved. Of the 10,000 t of steel-grade pig iron offered, 2,000 t were booked at an average of INR 36,500/t ex-works, down INR 100/t from the 24 Jan’26 auction, which saw 900 t sold at INR 36,600/t ex-works.
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