- Vedanta Resources, a leading domestic pig iron manufacturer based in western India, has further raised prices by INR 2,000/t for buyers in Gujarat and Maharashtra. Current offers for foundry grade pig iron are assessed at around INR 58,500/t delivered (DAP) to Ahmedabad.
- Uptick in export sentiments and rising coal and steel prices are driving the surge in prices, SteelMint notes.
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