NMDC's 24,000 t pig iron auction fetches positive response
NMDC's steel plant in Nagarnar, Chhattisgarh, conducted a steel-grade pig iron auction for 24,000 t on 26 Sep'24. The entire quantity received bids at an average price of INR 34,700/t. However, management approval is still pending. In the previous approved auction, held on 19 Sep, out of 32,000 t, 24000 t were booked at an average price of INR 33,500/t.