After NINL started offering Pig iron at high prices for mid-April, secondary Pig iron producers in India raised offers too.
They mentioned that buying activities is good at new prices levels for steel grade material.
Whereas, foundry grade Pig iron demand as well as prices are stable.
Steel grade Pig iron prices step up:
By Rs 200/MT:
MSP Steel & Power (Jharsuguda) Rs 23,300/MT
Adhunik Metaliks (Rourkela) Rs 23,200/MT
By Rs 500/MT:
Mesco Steel (Cuttack) Rs 23,000/MT
KIC Metaliks (Durgapur) Rs 24,000/MT-Pig iron supply is low due to limited iron ore availability.
Giridih Rs 23,500/MT
And by Rs 1,000/MT:
Maharashtra Rs 25,000/MT
(Ex works prices)
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