Author: Manish Vasdev
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India: Vedanta cuts foundry grade pig iron offers by INR 500/t
Vedanta Resources, a leading domestic pig iron manufacturer in western India, reduced prices for Gujarat and Maharashtra-based buyers by INR 500/tonne (t). Current offers for foundry grade pig iron are at INR 56,250/t delivered (DAP) to Ahmedabad and Kolhapur. Declining domestic steel and pig iron prices led to a drop in offers.