State-owned steel producer Vizag Steel conducted a pooled iron auction on 20 Dec’21. Buyers booked the entire quantity of 1,000 t at INR 35,350/t exw. Bid prices increased by INR 350/t compared with the previous auction on 2 Dec at which around 2,700 t of pooled iron was booked at INR 35,000/t exw.
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