Indian Pig Iron offers fall in line with Ingot prices

Pig Iron manufacturers in most of the states such as Chhattisgarh, Odisha, Punjab,  Jharkhand and West Bengal reduced offers upto Rs 300/MT.  

In Raipur, Chhattisgarh, buyers are purchasing bulk of material at a discount of Rs 200/MT at Rs 27,300/MT (Basic price).  

“Pig Iron prices have been reduced eyeing falling Ingot prices and weak demand from end users”, said market participants.