Tag: India: Bids rise by INR 500/t at Vizag Steel’s pig iron auction

Leading state-owned long steel producer, Vizag Steel, conducted an auction for 2,250 t of basic grade pig iron on 21 Sep’21. As per sources, the entire quantity was booked at INR 38,600/t exw. At the previous auction conducted on 16 Sep, the bid price stood at INR 38,100/t. However, all the lots were rejected by…