India: Bids rise in NMDC’s latest pig iron auction

NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 32,000 t on 13 Aug’25, of which the entire quantity was booked at an average price of INR 30,800/t (by rake). However, management approval is still pending. In the previous approved auction, held on 16 Jun’25 for 16,000 t, the entire quantity was booked at an average price of INR 30,200/t (by rake).


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