Indian pig iron export prices hit a new high in absence of supplies from CIS

Indian pig iron export prices continue to head north amidst absence of offers from Russia and Ukraine that account for 50% of seaborne supplies. SteelMint’s weekly assessment for steel grade pig iron exports rose to a new high to $605/t FOB east coast India. Vedanta Ltd. floated an export tender for 20,000 t of steel grade pig iron for Mar’22 shipment. Active enquiries from non-Chinese markets kept export prices supported.