South India-based major mill offering granulated pig iron

Sources from a Karnataka-based primary mill have reported that offers for granulated pig iron (GPI) are at INR 37,250/t exw. The plant has recently started offering GPI in the merchant market and is heard to be supplying to Maharashtra- and Gujarat-based plants. Meanwhile, steel grade pig iron offers through traders have been reported at INR 40,000-40,200/t FoR Hyderabad. Domestic pig iron prices are going strong due to limited supply by state-run plants at a time of robust demand from domestic and global buyers.