Vedanta Resources, India’s largest foundry grade pig iron manufacturer, has relit one of its big blast furnaces (BF) which was banked for maintenance in end-Nov’20. Previously, the daily output of the BF was about 1,400 t, which is now set to increase to 1,500 t. Pig iron demand was already subdued and with improved supply prices may plunge further, sources stated. As per SteelMint’s assessment, weak demand has led to foundry pig iron prices in Delhi and Ludhiana dropping by INR 2,000-2,500/t, w-o-w.
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