India: NMDC Nagarnar's pig iron auction draws tepid response
On 28 Nov'24, NMDC's Nagarnar steel plant conducted an auction for 32,000 t of steel-grade pig iron at a base price of INR 31,000/t. However, only 4,000 t were booked at an average price of INR 31,000/t. In the previous auction, on 25 Nov'24, 16,000 t were booked at an average price of INR 31,500/t.