Indian mill concludes 40,000 t pig iron export tender

An Indian steel mill has concluded an export tender for 40,000 t of basic grade pig iron for 30 Apr’22 shipment, market sources informed SteelMint. The tender was concluded at around $790-800/t on FOB basis. Indian pig iron exports have gained momentum after the Russia-Ukraine war disrupted global trade, especially with active enquiries received from the USA.