- NMDC’s steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for a total of 30,000 t on 30 Jan’24.
- The entire quantity was booked at an average price of INR 35,750/t, exw, which is down by around INR 400/t from the last auction held on 17 January’24.
- Market participants noted an active response triggered by a decrease in bid prices amid anticipated steel demand.
