Tata Metaliks has reduced foundry grade pig iron prices by 3% or INR 1,400/t ($19) due to weak demand and a sharp fall in steel grade pig iron prices in the domestic market following curbs in steel production.
- Fresh offers for foundry grade pig iron floated by the company stand at INR 41,000/t. Meanwhile, basic grade pig iron offers are at INR 38,000/t. Prices are exw-Kharagpur and applicable for the Kolkata and Howrah markets.
- Steel grade pig iron offers by Durgapur plants are in the range of INR 36,000-36,500/t exw – a decline of INR 2,500/t, m-o-m, as per SteelMint assessment.
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