Vedanta Resources, one of India’s leading pig iron manufacturers based in the western region, has raised prices by INR 750/t ($10/t) for buyers in Gujarat and Maharashtra. Current offers for foundry grade pig iron are assessed at INR 47,550/t delivered (DAP) to Ahmedabad.
Surge in export sentiment and rising coal and steel prices are the key factors behind the price rise, SteelMint notes.
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