India: NMDC’s pig iron auction records sluggish response, bids remain steady
NMDC’s Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 10 Jun’26, with only 3,100 t booked at the base price of INR 36,000/t ex-works. Prices remained unchanged from the previous auction held on 2 Jun’26, when the entire 12,000-t offered quantity were sold. The sharp decline in offtake suggests subdued buying interest, amid weak downstream demand and uncertain market conditions.
