Major pig iron producer Vedanta Resources floated a tender for one rake of foundry grade material for the northern region on 11 Dec’21. The tender concluded at around INR 40,200-40,500/t exw and the transportation cost via rake to Punjab was reported at around INR 3,500/t.
- Fresh offers through the resellers for foundry grade pig iron are at INR 45,200-300/t on delivered to Ludhiana basis (including local freight).
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