Vedanta Limited has floated an export tender for 40,000 t steel grade pig iron. The tender is due today and is scheduled for early-June shipment. SteelMint’s assessment for Indian pig iron export stood at $520-530/t FoB towards closing of the last week. The company had raised its foundry grade pig iron offer by INR 2,000/t to around INR 44,000-44,500/t FoR Ahmedabad, effective from 01 Apr ’21.
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