India: Bids rise sharply in NMDC's latest pig iron auction; entire volume booked

NMDC's Nagarnar Steel Plant auctioned 3,000 t of steel-grade pig iron on 30 Mar26, with the entire quantity booked at an average price of INR 36,950/t. Bids increased by INR 1,350/t from the 26 Mar26 auction, when 7,200 t was sold out of 9,600 t at INR 35,600/t. The outcome reflects strong buying interest and a clear strengthening in market sentiment.