India’s Vizag Steel to conduct auction for 3,000 t pooled iron

Vizag Steel – a state owned steel maker, has scheduled an e-auction for 3,000 t pooled iron on 23 Jan’21. The previous auction, conducted on 18 Jan ’21 for 5000 t pooled iron received bids at INR 30,000/t exw but the company’s management did not approve the bids and the auction was cancelled. Prior to this, on 05 Jan, 3,000 t pooled iron was put up for auction and concluded at INR 32,700/t exw.