Tag: Vizag steel pig iron auction result
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India: Vizag Steel cancels pig iron auction on low price realisation
Leading state-owned long steel producer, Vizag Steel, held an auction on 16 Dec’21 for around 1,000 t of steel grade pig iron. Buyers booked the entire quantity at a weighted average price of INR 37,000/t exw. As per recent updates, the company’s management cancelled the auction due to low price realisation.