Vedanta’s pig iron tender fetches bids higher by INR 2,600/t – Sources

Vedanta Resources’ tender for one rake of foundry grade pig iron for Punjab has received bids at INR 46,600-700/t. The last tender, with a reserve price of INR 44,000/t ex-siding, Phillaur, Ludhiana, was cancelled due to non-participation on 7 Jan’22.

• Offers through traders for foundry grade material are hovering at INR 47,000/t in Ludhiana on delivered basis (including freight).