Indian Pig Iron prices were constant in Oct; expected to gain in Nov

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Steel and foundry grade Pig Iron sales improved slighltly during October as compared to last month
Offers at RINL slipped by Rs 500/MT due to enough stock available and low raw material prices
30,000 tons Pig Iron export tender fetched bid below $410/MT and RINL is yet to take a decision on it
Production was re-started at some of the plants based in Chhattisgarh, Odisha and Jharkhand
Major manufacturers told SteelMint “We are optimistic about trades during November and expect an upward movement in prices by up to Rs 500/MT”

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