Author: Manish Vasdev
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India: Pig iron prices to stay stiff on supply crunch, raw materials cost push
With key mills announcing maintenance-related shutdowns, supply tightness has gripped the domestic merchant pig iron market. Leading foundry grade pig iron producer Vedanta Limited has announced that one of its big blast furnaces will remain idle till Jan’21 due to routine maintenance purposes thereby affecting monthly production of around 40,000 t. The metals major’s pig…