Indian mill concludes around 50,000 t granulated pig iron export deal

An eastern India based private steel mill has booked two parcels (~50,000 t) of granulated pig iron (C-5% max, Si- 1.5%, S – 0.09%) for export last week, SteelMint learned from its channels. One cargo is likely to be shipped to USA, while for another destination could not be confirmed till the time of publishing this report. The price indications for the deal were heard around $480/t FoB India. Indian mills are exploring export opportunities amid a steep decline in domestic prices.