Following an increase in coke prices, private pig iron producers in eastern India have kept prices strong even though most of them have held sales today. SteelMint’s pig iron price assessment for Durgapur rose today by INR 600/t to INR 38,500/t exw. It is believed that the plants will keep prices higher depending on input cost.
Foundry grade pig iron prices surged by around INR 500/t in the last two-three days and currently offers for second sale (through traders) stand at INR 44,500-44,700/t for Ludhiana and Delhi, on a delivered basis (including local freight costs).
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