Tag: RINL Pig iron auction result

India: Bid prices drop nearly INR 1,500/t at Vizag Steel’s pig iron auction

Feb 17, 2022

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by

Kamal Gohil

in Pig Iron

Leading state-owned long steel producer, Vizag Steel, conducted an auction for 1,250 t of basic grade pig iron on 16 Feb’22. Buyers booked the entire quantity at a weighted average price of INR 45,550/t exw, sources informed SteelMint. Bid prices decreased by INR 1,450/t in comparison with the previous auction held on 5 Feb.