Tag: India: Pig iron prices inch down in Jun’26 amid weak demand; exports cushion downside

Pig iron-scrap price spread widens; cheaper metallic substitutes cap demand Auction participation improves towards month-end as availability tightens India’s pig iron prices fell marginally across most regions in June 2026 amid weak downstream demand and cautious buying. Procurement remained predominantly need-based as steelmakers and foundries refrained from building inventories due to sluggish finished steel demand…