Vedanta Resources, one of the major Indian pig iron producers has concluded a tender for a rake of foundry grade pig iron at around INR 38,000/t exw, (equivalent to INR 41,400-500/t FoR Delhi), market sources reported to SteelMint. Another auction for one rake of base grade (Si 1-1.5%) pig iron by Tata Metaliks was concluded at INR 39,200-300/t FoR Batala (Punjab). The pig iron prices in northern India have climbed in the last few days due to supply shortage & rising scrap, raw material prices.
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