India: Bids decline by INR 2,000/t ($27) in Vizag Steel’s pooled iron auction

Vizag Steel – a state owned steel maker has conducted an auction for around 5000 t pooled iron yesterday. The auction received good participation as entire material received bids at around INR 23,500/t exw. The last auction conducted on 12 Sep’20 was concluded around INR 25,500/t exw.