“Steel grade Pig Iron production was on hold from the mid of September due to some technical issues.
We have resumed sales and Pig Iron is being traded by Rs 200/MT more to 24,700/MT (Ex works Rourkela)) in domestic market, which was quoted at Rs 24,500/MT last month”, said Mr Navin Choudhary, Senior GM, Marketing at Adhunik Metaliks Ltd.
He also shared about buying volumes, which is good at current level and that the entire production is being absorbed by market.
According to him, Pig Iron market looks good in Quarter 3 and prices are unexpected to witness any correction.
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