Tag: RINL pooled iron auction result

India: Bids increase by INR 200/t ($3) in Vizag Steel’s pooled iron auction

Nov 5, 2020

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by

Shankar

in Melting Scrap

Vizag Steel conducted an auction for 4,000 t pooled iron on 03 Nov’20. The entire material was booked at around INR 26,700/t exw, up by INR 200/t from the previous auction conducted on 27 Oct’20. Price hike in billet has resulted in hike in domestic pig iron offers.