Pig Iron prices keep on ticking up; gained 2-3% as market anticipates another hike in Iron Ore prices

Jan 7,2011, 

Pig Iron prices across India have gained about Rs 500-700/Mt i.e. 2-3% over rising steel prices and anticipation that miners will hike up Iron Ore prices in near term.

Few companies which have increased their prices are Neco, Usha Martin , Jindal, Bhushan and Visa Steel said market participants.