Consistent with Kolkota-based information in a recent SteelOrbis report, other regions in India are also increasing the offer prices for domestic basic pig iron.
Sources inform SteelOrbis that basic steelmaking pig iron is reportedly on offer at INR 29,000/mt ($448/mt) ex-works Raipur in central India and at INR 28,700/mt ($443/mt) ex-works Durgapur. The increase in offers is attributed to the shortage of material along with higher billet prices.
USD = INR 64.80