Author: Manish Vasdev
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North India – Pig iron prices likely to remain supported on supply shortage
Ludhiana (Punjab) based sellers reported a shortage of pig iron specifically of foundry grade, which is delivered through rakes from the western & eastern India based plants. As per them, about 3 rakes (equivalent to 7,500 t) of foundry pig iron deliveries are stuck due to ongoing farmers strike resulting in lower inventories. Today, offers…