SteelMint analyst spoke to experts on Pig Iron market in North India.
Q) What are the factors impacting
current demand?
A) Market conditions are unstable and
world economy is not good. There is less demand from manufacturing sector.
Q) What about current transactions?
A) Sellers are offering at cheaper
rates to get rid of stock. Money has to come from somewhere. There is less demand
from end user and purchasing has come down. Market is in a standstill mode
facing liquidity crunch. Unnecessary stocking up cannot happen as we are not
getting the value for finished material.
Q) Where do you expect market to be
in near term?
A) Looking at the present condition,
we expect market to be stagnant for the next couple of months. But if
automobile sector sales push up and Government takes some measures regarding
policies then market conditions might normalize.
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