Due to the rally in coke prices, private pig iron producers in eastern India are raising prices after suspending sales for the last two-three days. SteelMint’s steel grade pig iron price assessment for Durgapur rose today by INR 1,000/t to INR 40,000/t, while foundry grade pig iron offers rose by INR 1,300-1,500/t to INR 42,300-42,500/t exw. Plants may hike prices further on slight supply crunch in the market.
Foundry grade pig iron prices increased by INR 400/t today and currently offers for second sale (through traders) stand at INR 45,000/t for Ludhiana and Delhi, on a delivered basis (including local freight costs).
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