India: Tata Metaliks cuts pig iron prices by INR 700/t

Tata Metaliks has reduced basic grade pig iron prices by INR 700/t ($10). The company’s offers for basic grade are at INR 45,500/t, while foundry grade pig iron offers are at INR 48,200/t exw-Kharagpur. Prices are applicable for Kolkata and Howrah.

    • Due to restrained demand other merchant mills have reduced offers by INR 2,000/t in the last 15 days. SteelMint’s assessment for steel grade material stands at INR 44,400/t exw Durgapur.

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