India: Tata Metaliks raises pig iron prices by 2%

Tata Metaliks Ltd (TML) has increased foundry grade pig iron prices by 2%, or INR 800/t ($11), to INR 41,800/t, while basic grade pig iron (Si 1-1.15%) prices rose by INR 500/t to INR 39,200/t. Prices are exw-Kharagpur and applicable for the Kolkata and Howrah markets.

• Pig iron prices in the domestic market remain strong, resulting from active demand amidst limited supply by the state-owned mills.
• As reported by SteelMint, TML had concluded one rake (around 2,200 t) of basic grade pig iron (Si 1-1.15%) tender at around INR 41,800/t FoR Phillaur siding, Punjab on 22 Jul’21.