Vizag Steel Plant conducted an auction for 1,000 t of basic grade pig iron on 26 Jul’21. The entire quantity was booked at INR 37,600/t exw, sources informed SteelMint. The bid price dropped by INR 350/t ($4/t) compared with the previous auction on 7 Jul. At the previous auction, a similar quantity had been booked at INR 37,950/t exw.
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