Intel Details

India: Vedanta cuts foundry grade pig iron offer by INR 1,500/t ($21)

Pig Iron
9 Feb 2021, 13:22 IST
Steel Mint Intel

Vedanta Limited - a major pig iron producer in India, has reduced its foundry grade pig iron offer by INR 1.500/t. The current offer for the same stands at INR 38,500/t FoR Ahmedabad, SteelMint gathered from sources. Drop in offers by competitors as well as declining steel prices stood as the main reasons behind price drop by the company. Vedanta has pig iron production capacity of 0.83 mn t pa.

9 Feb 2021, 13:22 IST
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