Intel Details

India: Bids rise by INR 2,500/t for pig iron deals to Punjab

Pig Iron
14 Sep 2021, 18:59 IST
Steel Mint Intel

Three rakes (equivalent to 7,500 t) of pig iron deals were concluded to Punjab today, as per SteelMint reports. While two rakes were sold by western India-based plants, one rake was sold by a plant in Kharagpur, West Bengal. Notably, bids increased by INR 2,000-2,500/t, as per SteelMint reports. The average prices of the rakes were reported at INR 45,200-45,300/t, INR 45,800-45,900/t and INR 45,900-46,000/t on delivered to siding basis at Phillaur, Punjab.

14 Sep 2021, 18:59 IST
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