As reported by SteelOrbis on February 7, pig iron prices in the Indian domestic market declined recently. According to a source, the correction was attributed to weaker buying interest.
Expanding on previous information, as India has regional differences in prices, the prices per region are reportedly per the table below.
India, Region (ex-works) | INR/mt | $/mt |
Ex-Raipur | 28,000-28,300 | 435-440 |
Ex-Raigarh | 27,500-27,800 | 427-432 |
Ex-Durgapur | 26,000-26,100 | 404-406 |
Ex-Odisha | 26,600-27,100 | 413-421 |
Ex-Ludhiana | 27,900-28,300 | 433-440 |
$1 = INR 64.36