An Indian steel mill has concluded an export tender for 40,000-44,000 t of steel grade pig iron for end-Nov’21 shipment, market sources informed SteelMint. The tender was concluded at $570/t CFR Turkey (equivalent to $515-520/t FOB India). Indian pig iron export prices have inched down $3/t, w-o-w. Market participants expect domestic and export demand to remain under pressure.
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