India: Tata Metaliks cuts pig iron prices by INR 3,500/t ($45/t)

  • Tata Metaliks reduced basic grade pig iron and foundry grade prices by INR 3,500/t and INR 2,800/t respectively. Fresh offers for foundry grade and basic grade stand at INR 60,000/t and at INR 56,800/t, respectively. Prices are exw Kharagpur, applicable for the Kolkata and Howrah markets.
  • Prices were lowered on account of falling prices as well lower bids floated in SAIL’s auction. Falling export realizations added to the price decline.

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