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.<\/p>\n","protected":false},"excerpt":{"rendered":"
NMDC’s Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 10 Jun’26, with…<\/p>\n","protected":false},"author":1,"featured_media":68130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-68129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=1280%2C720&ssl=1?v=1781170597",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?resize=150%2C150&ssl=1?v=1781170597",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=300%2C169&ssl=1?v=1781170597",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=640%2C360&ssl=1?v=1781170597",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=640%2C360&ssl=1?v=1781170597",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=1280%2C720&ssl=1?v=1781170597",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=1280%2C720&ssl=1?v=1781170597",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?resize=1115%2C715&ssl=1?v=1781170597",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?resize=800%2C500&ssl=1?v=1781170597",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=1024%2C576&ssl=1?v=1781170597",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?resize=540%2C340&ssl=1?v=1781170597",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?resize=400%2C250&ssl=1?v=1781170597",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-11T153628.076.jpg?fit=1280%2C720&ssl=1?v=1781170597","jetpack-related-posts":[{"id":68707,"url":"https:\/\/biztrend24.com\/?p=68707&lang=en","url_meta":{"origin":68129,"position":0},"title":"India: NMDC pig iron auction records 35% booking at INR 35,900\/t","author":"Biz Trend 24","date":"June 21, 2026","format":false,"excerpt":"NMDC's Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 19 Jun'26, with 4,200 t booked at the base price of INR 35,900\/t exw, reflecting a decline of INR 100\/t from the previous auction on 10 Jun'26, where only 3,100 t was booked at INR 36,000\/t. Despite the\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":56969,"url":"https:\/\/biztrend24.com\/?p=56969&lang=en","url_meta":{"origin":68129,"position":1},"title":"India: Bids remain stable in NMDC’s latest pig iron auction","author":"Biz Trend 24","date":"February 14, 2026","format":false,"excerpt":"NMDCs Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 13 Feb'26, with the entire volume booked at a base price of INR 36,500\/t exw. Bids were unchanged from the 6 Feb auction, when 10,000 t was sold at the same price.","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T125033.485.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T125033.485.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T125033.485.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T125033.485.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T125033.485.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59718,"url":"https:\/\/biztrend24.com\/?p=59718&lang=en","url_meta":{"origin":68129,"position":2},"title":"India: Entire volume booked in NMDC’s pig iron auction; bids rise INR 150\/t","author":"Biz Trend 24","date":"March 7, 2026","format":false,"excerpt":"NMDC Limiteds Nagarnar Steel Plant auctioned 15,000 t of steel-grade pig iron on 6 Mar'26, with the entire volume booked at an average INR 36,150\/t. Prices increased by INR 150\/t from the 27 Feb auction, when only 7,000 t of the 12,000 t offered were sold at INR 36,000\/t. The\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T130210.360.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T130210.360.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T130210.360.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T130210.360.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T130210.360.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":54501,"url":"https:\/\/biztrend24.com\/?p=54501&lang=en","url_meta":{"origin":68129,"position":3},"title":"India: Bids increase by INR 250\/t in NMDC’s latest pig iron auction","author":"Biz Trend 24","date":"January 19, 2026","format":false,"excerpt":"NMDC Nagarnar Steel Plant held an auction on 17 Jan'26 for 5,000 t of steel-grade pig iron, with the entire quantity booked at an average price of INR 36,200-36,300\/t exw. Bids increased by around INR 250\/t compared with the previous auction on 2 Jan'26, in which 7,000 t were booked\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-19T131306.801.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-19T131306.801.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-19T131306.801.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-19T131306.801.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-19T131306.801.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":54233,"url":"https:\/\/biztrend24.com\/?p=54233&lang=en","url_meta":{"origin":68129,"position":4},"title":"India: Bids increase by INR 250\/t in NMDC’s latest pig iron auction","author":"Biz Trend 24","date":"January 18, 2026","format":false,"excerpt":"NMDC Nagarnar Steel Plant held an auction on 17 Jan'26 for 5,000 t of steel-grade pig iron, with the entire quantity booked at an average price of INR 36,200-36,300\/t exw. 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Kumaraswamy:\u00a0116,000-t lumps (10-40 mm, Fe 60.97-62.40%) booked at INR 4,232-4,610\/t against base prices INR 4,232-4,600\/t; 84,000-t fines (Fe 61.89-62.65%) booked at base price of INR 3,740-3,900\/t. Donimalai:\u00a044,000-t lumps (10-40\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-24T153319.830.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-24T153319.830.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-24T153319.830.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-24T153319.830.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-24T153319.830.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68129"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68129\/revisions"}],"predecessor-version":[{"id":68131,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68129\/revisions\/68131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/68130"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}