Indian Foundry grade Pig iron prices remain unaltered in the range of INR 31,500-33,000/MT (including Excise).
Tata Metaliks from last 2 months have maintained its Foundry grade prices at around INR 32,500/MT. Sources reported despite dull market in Durgapur, the company has managed to sustain its prices by vending all its material to northern market.
While in northern market, a trader based in Ludhiana said, “Here, trades seem to have improved slightly from past 2 days but as a whole, market is still sluggish. Currently, Foundry grade is traded in the range of INR 32,500-33,000/MT. Also, trades were heard to be settled at INR 32,200-32,300/MT in case of well negotiated.”
On the other hand, Southern market has witnessed a minor correction in Foundry grade Pig iron prices. Manufacturer based in Koppal has corrected its prices by INR 1,000/MT (M-o-M) to INR 31,700/MT. Whereas, manufacturer based in Goa is offering it at INR 31,500/MT (landed cost to Karnataka market; including Excise).
Meanwhile, Foundry grade Pig iron market in Gujarat remains unchanged. Material here is being offered at around INR 33,000/MT.
(all prices are including Excise)
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