India: Vedanta reduces foundry grade pig iron offers by INR 1,000/t ($12/t)

  • Vedanta Resources, a leading domestic pig iron manufacturer in western India, has reduced foundry-grade prices by INR 1,000/t for Gujarat-based buyers.
  • Current offers of the same stand at INR 50,000/t DAP Ahmedabad. The reduction in offers by competitors, improving imports and sufficient availability of substitute products in the market led to a price cut by Vedanta, sources informed SteelMint.

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