India: Bids ease by INR 450/t in NMDC’s pig iron auction

NMDC’s Nagarnar steel plant held a steel-grade pig iron auction for 32,000 t on 16 Sep’25, entire quantity (8Lot) were booked at average  price of INR 30,350/t (by rake), pending management approval. Bids fell by INR 450/t from the previous approved auction, on 13 Aug’25 for 32,000 t, in which the entire quantity was booked at an average price of INR 30,800/t (by rake).


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