Tag: NMDC pig iron auction

India: Pig iron prices near 5-year low in Oct’25, but modest recovery expected in H2FY’26

Nov 20, 2025

—

by

Harshit Tiwari

in Pig Iron

Auction bids, spot prices rise in early Nov’25 Persistent supply glut may limit price gains India’s pig iron market recorded a sustained depression in H1FY’26, with steel-grade prices in Durgapur approaching a five-year low of INR 31,600/tonne (t) exw in October 2025, due to a persistent gap between supply and demand. However, with India entering its…