NMDC Limited’s Nagarnar Steel Plant auctioned 15,000 t of steel-grade pig iron on 6 Mar’26, with the entire volume booked at an average INR 36,150/t. Prices increased by INR 150/t from the 27 Feb auction, when only 7,000 t of the 12,000 t offered were sold at INR 36,000/t. The results point to selective buying interest amid cautious market sentiment and uncertain finished steel demand.
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