India: Bids rise in NMDC's latest pig iron auction
NMDC's steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 12,000 t on 16 Dec, of which the entire quantity were booked at an average price of INR 30,300/t (by rake). However, management approval is still pending. In the previous approved auction, held on 17 Nov'25 for 12,000 t, entire quantity was booked at an average price of INR 30,000/t (by rake).