What is the difference between Steel Grade and Foundry Grade Pig Iron?

Steel Grade pig iron is primarily used in steelmaking furnaces (EAF/BOF), while Foundry Grade contains higher silicon content, making it ideal for casting applications. BigMint provides distinct daily price assessments for both grades across major hubs like Durgapur and Ludhiana to ensure procurement precision.

How do NMDC Nagarnar auctions influence the Indian pig iron market?

As a major merchant producer, NMDC’s auction results at Nagarnar set the price floor for private players in Central India. BigMint tracks these auctions in real-time, offering data on both 'By Road' and 'By Rake' delivery modes to capture logistical cost variations.

Why are 'DAP' prices critical for foundry clusters like Coimbatore and Kolhapur?

DAP (Delivered at Place) prices include freight costs, which are a significant portion of the final landed cost for foundries located far from steel plants. BigMint’s DAP assessments for Coimbatore, Ahmedabad, and Kolhapur help small-scale foundries manage their input cost volatility effectively.

How does the global seaborne market (Brazil/Russia) affect Indian prices?

Global export benchmarks like FOB Ponta Da Madeira (Brazil) and FOB Black Sea (Russia) dictate the viability of imports. BigMint monitors these weekly to provide a 'parity analysis,' helping Indian traders decide between domestic sourcing and international bookings.

What is the significance of the 7-day delivery period in domestic pig iron?

A 7-day window indicates high liquidity and ready stock availability. BigMint tracks these delivery timelines alongside price notices for SAIL and private mills, allowing buyers to plan just-in-time inventory for their casting or steelmaking cycles.

Does BigMint track pig iron auctions from SAIL plants?

Yes, BigMint provides comprehensive coverage of Pig Iron auctions from SAIL's Bhilai, Bokaro, and Rourkela plants. These results are vital for understanding the surplus availability of hot metal from India’s primary steel producers.

What factors drive 'Sentiments' in the pig iron market?

Sentiments like 'Weak' or 'Moderate' are driven by downstream demand from the auto sector (for foundries) and the price spread between pig iron and melting scrap. BigMint’s sentiment analysis helps users anticipate price corrections before they appear in the spot market.

Can I access historical data for Pig Iron for long-term budgeting?

BigMint maintains a vast database of historical pig iron prices, including the transition of indices across different market cycles. This data is essential for procurement heads to negotiate annual contracts and perform regression analysis against finished steel prices.

Pig Iron Prices – Daily Market Rates & Trends

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Compare

Export - Iron Ore | India

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Import - Iron Ore | India

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Import - Iron Ore | India

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Coastal Movement - Iron Ore | India

Compare

Export - Iron Ore | India

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15