India: Bids increase by INR 1,900/t ($26) in Vizag Steel’s pooled iron auction

State owned – Vizag Steel conducted an auction for 3.100 t pooled iron on 27 Oct’20. The entire material was booked at around INR 26,500/t exw which is INR 1,900/t higher than the previous auction conducted on 19 Oct’20. Last auction fetched bids at around INR 24,600/t exw but did not get approved from company’s management.


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