NMDC Pig Iron auction shows INR 200/t downtrend in bids
NMDC's Nagarnar Steel Plant auctioned 7,000 t of steel-grade pig iron on 15 Apr'26, with the entire quantity booked at base price of INR 38,000/t. Bids decreased by INR 200/t from the 9 Apr'26 auction, when 7,000 t entire quantity was sold at INR 38,200/t. The outcome reflects slightly subdued demand conditions and a mild downward price correction.