India: Pig iron prices scale 5-mth peak in Mar as supply tightens, exports surge

Rising global scrap prices, US steel tariffs boost export demand. Following absence in Feb, NMDC, SAIL auctions see price hikes. Production costs rise amid soaring domestic met coke prices.

Morning Brief:India's pig iron prices reached a five-month high in March 2025, propelled by an uptick in export demand, a heightening supply squeeze, rising raw material costs, and positive finished market sentiments. Prices in Durgapur, India, climbed up by INR 2,800/tonne (t) ($32/t) m-o-m to a monthly average of INR