“Pig iron market has been adversely affected in Jan-Mar as off take from automobile industry, which are operating at low levels, has reduced.
Demand has shrunk, capacity utilization is low and scrap is being preferred.
I don't see a major change happening in the next three months”, Amit Pradhan, Director for Value Addition Business at Sesa Goa shared with SteelMint.
“The percentage of fines mixed with lumps in e-auctions is higher and the material is quite expensive.
Our Pig iron sales was better in the current quarter as compared to the previous quarters due to high production from our additional capacities”, he added.
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