India: Bids inch up at Vizag Steel Plant’s pooled iron auction

At Vizag Steel Plant’s auction for 3,150 t of pooled iron on 24 Jul’21, buyers booked 3,150 t at a weighted average price of INR 33,650/t exw, sources informed SteelMint. Bids increased by INR 50/t compared to the previous auction on 16 Jul, which was concluded at a weighted average price of INR 33,600/t exw.