Pig Iron is being
traded at same prices across the country but market participants expect some correction in prices this week.
“Looking
at current steel market, the large manufacturers of Pig Iron are anticipated to quote low
price for September. Demand is quite low and monsoons have impacted sales. It
is difficult to find buyers in good numbers at current levels. Hence, producers might cut prices soon”, said
sources.
“Shortage of foundry
grade material in Raipur results in price rise by Rs 300/MT to Rs 29,800/MT (Basic price)”, said traders.
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