A western India-based major pig iron producer has concluded a tender for one rake of basic grade material on 13 Oct’21 at around INR 41,500/t ex-plant, equivalent to INR 45,000/t FOR Phillaur siding in Ludhiana (Punjab), sources reported. Bids remained strong owing to higher pig iron prices across regions due to rising coal and coke as well as steel prices. Current offers for basic grade are hovering at INR 45,800/t on delivered to Ludhiana basis (including local freight).
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