“Strong rupee will definitely impact Pig Iron exports from India, making it difficult. Realizations will come down at our end, forcing us to concentrate on sales in domestic market”, said a senior official.
“Response of bids on 15th of October is to be compared with domestic market prices as buyers are making more of purchases at Rs 23,000/MT presently.
We might either postpone the date or cancel the tender if response is below INR 23,000/MT from international buyers.
Depending on the quantity of Pig Iron a buyer is interested to take, we are offering discounts”, he added.
Leave a Reply