Tag: RINL Pig Iron Auction Rejected

India: Vizag Steel rejects pig iron auction on higher price expectation

Sep 17, 2021

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by

Kamal Gohil

in Pig Iron

Vizag Steel Plant had conducted an auction for 2,250 t of basic grade pig iron on 16 Sep’21. The entire quantity was booked at INR 38,100/t exw, sources informed SteelMint. The bid price decreased by INR 400/t ($5/t) compared to the previous auction on 4 Sep. As per recent updates received from sources, all the…