India: Bids edge down in latest NMDC Nagarnar pig iron auction
NMDC Limiteds Nagarnar Steel Plant auctioned 15,000 t of steel-grade pig iron on 13 Mar’26, with 5,000 t of the offered volume booked at an average INR 36,000/t. Prices decreased by INR 150/t from the 6 Mar auction, in which the entire volume was sold at INR 36,150/t. The results indicate cautious buying interest amid slightly softer market sentiment.
