NMDC’s Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 29 May’26, of which 3,000 t were successfully booked at a base price of INR 36,500/t exw, down by INR 200/t from the previous auction. In the previous auction held on 26 May’26, 3,500 t out of 15,000 t were sold at the base price of INR 36,700/t exw. The weak booking reflects subdued buying interest amid cautious market sentiment and pricing pressure.
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