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 price reduction, buyer participation remained subdued, with nearly two-thirds of the offered quantity left unsold.<\/p>\n","protected":false},"excerpt":{"rendered":"
NMDC’s Nagarnar Steel Plant auctioned 12,000 t of steel-grade pig iron on 19 Jun’26, with…<\/p>\n","protected":false},"author":1,"featured_media":68708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_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}},"categories":[313],"tags":[],"class_list":["post-68707","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-89-2.jpg?fit=1280%2C720&ssl=1?v=1782025365",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?resize=150%2C150&ssl=1?v=1782025365",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=300%2C169&ssl=1?v=1782025365",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=640%2C360&ssl=1?v=1782025365",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=640%2C360&ssl=1?v=1782025365",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1280%2C720&ssl=1?v=1782025365",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1280%2C720&ssl=1?v=1782025365",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?resize=1115%2C715&ssl=1?v=1782025365",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?resize=800%2C500&ssl=1?v=1782025365",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?fit=1024%2C576&ssl=1?v=1782025365",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?resize=540%2C340&ssl=1?v=1782025365",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-89-2.jpg?resize=400%2C250&ssl=1?v=1782025365",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-89-2.jpg?fit=1280%2C720&ssl=1?v=1782025365","jetpack-related-posts":[{"id":67979,"url":"https:\/\/biztrend24.com\/?p=67979&lang=en","url_meta":{"origin":68707,"position":0},"title":"India: SAIL-RSP pig iron auction witnesses sharp drop in bookings; bids ease by INR 50\/t","author":"Biz Trend 24","date":"June 10, 2026","format":false,"excerpt":"SAIL-RSP auctioned 5,000 t of steel-grade pig iron on 10 Jun'26, with only 1,100 t of the offered quantity booked at an average price of INR 37,100\/t exw. Bids declined marginally by INR 50\/t from the previous auction held on 2 Jun'26. In the earlier auction, the entire 3,400 t\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-2026-06-10T181920.875.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-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-10T181920.875.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":67517,"url":"https:\/\/biztrend24.com\/?p=67517&lang=en","url_meta":{"origin":68707,"position":1},"title":"India: SAIL-RSP pig iron auction sees entire volume booked at lower bids","author":"Biz Trend 24","date":"June 8, 2026","format":false,"excerpt":"SAIL-RSP auctioned 3,400 t of steel-grade pig iron on 2 Jun'26, with the entire offered quantity booked at an average price of INR 37,150\/t exw. Bids declined by INR 400\/t from the previous auction held on 28 May, indicating continued pressure on market sentiment. In the earlier auction, only 1,600\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-61.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-61.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-61.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-61.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-61.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":54501,"url":"https:\/\/biztrend24.com\/?p=54501&lang=en","url_meta":{"origin":68707,"position":2},"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":68707,"position":3},"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. 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-2026-01-18T112934.254.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-2026-01-18T112934.254.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-18T112934.254.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-18T112934.254.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-18T112934.254.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":68129,"url":"https:\/\/biztrend24.com\/?p=68129&lang=en","url_meta":{"origin":68707,"position":4},"title":"India: NMDC’s pig iron auction records sluggish response, bids remain steady","author":"Biz Trend 24","date":"June 11, 2026","format":false,"excerpt":"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. 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