1.Indian Pig Iron market is not witnessing much of movement.
2.There is limited scope for correction on higher iron ore and coal
prices, shortage of raw materials.
3.As scrap imports have lessened on rising dollar, market demand shifts
to Pig Iron.
4.Demand in North improves during monsoon. Due to this, we expect a
rise in offers.
5.Manufacturers in Cuttack are offering Pig Iron at Rs 25,500-600/MT
for Steel Grade and Rs 27,500/MT for Foundry Grade (Both are Basic price).
6.In Rourkela, Steel Grade Pig Iron is being quoted at Rs 26,400/MT.
7.Bhilai is facing supply issues due to on-going road construction
activities.
8.Production capacity is around 50% in Jharsuguda on low buying
interest.
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