Author: Manish Vasdev
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India: Vedanta lowers pig iron offers further by INR 1,500/t ($20)
Vedanta Resources, a leading domestic pig iron manufacturer based in western India, reduced prices for Gujarat- and Maharashtra-based buyers. Current offers for foundry grade pig iron are at around INR 59,500/t delivered (DAP) to Ahmedabad and Kolhapur. Decline in export realisations and falling domestic steel and pig iron prices led to the drop in offers.