Tag: Vizag steel pig iron auction result

India: Vizag Steel cancels pig iron auction on low price realisation

Dec 17, 2021

—

by

Shankar

in Pig Iron

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.