Vizag Steel Plant conducted an auction for 1,500 t of basic grade pig iron on 4 Sept’21. The entire quantity was booked at INR 38,500/t exw, sources informed SteelMint. The bid price increased by INR 900/t ($12/t) compared with the previous auction on 26 Jul. At the previous auction, 1,000 t had been booked at INR 37,600/t exw.
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