“Pig Iron offers remain constant for November 12” – NINL, India

“The cost of manufacturing Pig Iron is increasing day by day due to iron ore supply crisis and any hike in Pig Iron offers will not be absorbed by market”, remarked a senior official at NINL in Cuttack, Odisha.

“Steel grade Pig Iron price in domestic market stands at Rs 24,000/MT (Basic) and the material is being offered up to Rs 23,300/MT for November 12, based on the quantities a buyer is interested to lift.

We have not met with a major change in domestic market requirement for last few days and were able to sell out 45,000 tons in October. Exports of Pig Iron are not on the cards in the near future”, said the official.

    

      


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