As recently reported by SteelOrbis, Indian domestic pig iron prices have been trending up on supply restrictions.
While the average price in many regions, including Raipur, reached the INR 30,000/mt ($463/mt) ex-works level on March 15, sources inform SteelOrbis that in Durgapur, a region which was until recently also trending up despite lagging closer to a high of INR 29,300/mt ($452/mt) ex-works, pig iron prices suddenly trended down INR 900-1000/mt in the past few days to INR 28,300-28,400/mt ($435-437/mt) ex-works. In dollar terms, prices decreased $15-17/mt.
USD = INR 64.84 (Mar 15)
USD = INR 65.01 (Mar 16)