NMDC Nagarnar and SAIL BSP held pig iron auctions on 28 February 2024. NMDC auctioned 60,000 tonnes with bids ranging from INR 34,200 – 34,500/t, while SAIL BSP auctioned 5,980 tonnes with bids ranging from INR 35,800 – 36,100/t. However, due to lower-than-expected bid prices, the auctions were rejected. A re-auction for the full quantity is scheduled on 6 March 2024 for NMDC.
