Tag: Vizag steel pooled iron auction result

India: Vizag Steel rejects recent pooled iron auction citing higher bid expectations

May 25, 2022

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by

Shankar

in Melting Scrap

Vizag Steel, a state-owned steel producer, conducted an auction for 1,050 t of pooled iron on 24 May. The total quantity was reserved at INR 44,000/t exw. According to a recent update, the company’s management has rejected all the lots because of high price expectations. The previous auction on 17 May which received bids at…