Active demand, slight supply crunch and rising billet prices are supporting the Indian pig iron industry, SteelMint learnt from sources.
Plants based in Durgapur have raised offers for steel grade pig iron to INR 37,700-38,000/t, as against deals that happened yesterday at INR 37,300-500/t exw.
Sentiments remain strong on the foundry grade pig iron market, with fresh deals for Delhi (NCR) regions being heard at INR 44,200-300/t. The floated offers are at INR 44,400-44,500/t, on DAP basis.
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