Neelachal Ispat Nigam Ltd (NINL) conducted an auction for 8,600 t of ferrous scrap on 13 Mar’23. 2,500 t of LRS scrap received bids at INR 34,150/t exw, while 1,000 t of runner skull and 2,000 t of pooled iron chunk were sold at INR 35,700/t and INR 33,650/t exw, respectively. 100 t of pig iron chips were booked at INR 37,850/t exw, while 3,000 t remained unsold.
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