Vedanta Limited – a major pig iron producer in India has today increased its foundry grade pig iron offer by around INR 2,300/t m-o-m, SteelMint learnt from credible sources. The current offer for the same stands at INR 46,500/t DAP Gujarat. Hike in pig iron offers in other key markets, rise in billet prices and strong export demand on renewed Chinese buying are the key reasons behind price hike. Vedanta has a pig iron production capacity of 0.83 mn t pa.
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