Tuesday, March 08,
Unwelcome news for pig iron manufactures as international coking coal contracts touched $330/MT for April quarter, an increase of 47 per cent over the last contract..*
Domestic pig iron market remained steady driven by weak demand. Players in the market hope markets to take direction if demand from Ingot strengthens.
We expect Pig Iron prices to gain momentum towards end of March – first half of April as a result of cost pressure outburst for manufacturers. It is wait and watch game till then.
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