“Indian Pig Iron
prices remain unchanged due to low production and might not correct in the few days to come” said steel producers.
“The supply of Pig
Iron from places such as Raipur, Raigarh, Rourkela and Jharsuguda has been
critical. Most of the plants are closed on account of unavailability of iron ore
and higher coal prices.Chances are thin that prices will correct in near term”, said an Ingot manufacturer based in Raipur (Chattisgarh).
Steel Grade Pig Iron
prices in Raipur is currently trading at Rs. 27,500/MT and Foudry Grade at Rs.
29,500/MT while prices in Raigarh are hovering around Rs. 26,800-900/MT. Pig
Iron (Steel Grade) for Rourkela is trading at Rs. 26,000/MT and Foundry Grade
at Rs. 27,800/MT. Jharsuguda Steel Grade Pig Iron prices are hovering at Rs.
26,000/MT and Foundry Grade at Rs. 27,500 and Cuttack is at Rs.25,200-500/MT
for Steel Grade and Rs. 27400/MT for Foundry Grade.
Market participants
also report Steelmint that Pig Iron prices will remain intact on account of
higher raw material prices like iron ore and imported scrap.
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