Tag: RINL Pig iron auction result

Leading state-owned steel producer, Vizag Steel, conducted an auction for 1,250 t of basic grade pig iron on 9 May’22. Buyers booked the entire quantity at a weighted average price of INR 56,000/t exw, sources informed. At the steelmaker’s previous pig iron auction on 23 Apr, buyers booked only 500 t (two lots) out of…