- Crude coal tar prices soften in May auction
- Higher base prices impact Apr auction sales
Rashtriya Ispat Nigam Limited (RINL) — Vizag Steel — has announced an auction for 840 tonnes (t) of crude coal tar, scheduled for 27 May 2026.
Earlier this month, RINL conducted an auction on 2 May, where the entire offered quantity of 840 t was sold at an average weighted price of around INR 51,000/t. The successful sale came after two consecutive auctions held on 24 April and 28 April 2026 failed to attract any bids, with market participants citing higher base prices as the primary reason for weak participation.
Before that, the company had conducted an auction on 6 April, during which the complete 840-t quantity was sold at an average weighted price of around INR 57,000/t. The April auction recorded a stronger price realisation compared with the May sale, indicating softer market sentiment in subsequent weeks.
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