- An Indian mill has recently concluded an export tender for 30,000-35,000 t of basic grade pig iron for end-Jan’22 shipment. The tender was heard concluded at $535-540/t CFR China, equivalent to around $500/t FOB India.
- China’s pig iron import enquiries have picked up on bullish domestic scrap market sentiments and a surge in iron ore prices.
- India’s pig iron exports stood at 1.29 mn t in CY’21.
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