Tag: Indian steel grade pig iron prices hit more than 4-year lows

India’s steel-grade pig iron prices sank to a four-year low in Durgapur in May 2025. Price tags plunged INR 2,200/t m-o-m to a monthly average of INR 32,900/tonne (t) exw-Durgapur, with similar values last recorded in February 2021 (INR 33,000/t) – just as the market was recovering from the COVID-19-led downturn. In recent times, pig…