Pig Iron offers are unchanged in most of the locations across the country due to sluggish demand. Poor buying of Pig Iron in Durgapur and Giridih pulled down offers in the range of Rs 300-500/MT.
“Steel Grade price at Durgapur is expected to fall in a couple of days. Few project orders from Government, liquidity crunch in market and late payment issues keep Pig Iron markets very dull”, said a city based trader.
It is reported that 500 tons of containerized Foundry Grade exports likely to happen at US $530 FOB Chennai to Taiwan.
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