India: Tata Metaliks cuts pig iron prices by INR 3,000/t ($38/t)

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Tata Metaliks Ltd. has reduced pig iron prices by INR 3,000/t ($38).
Fresh offers for foundry grade are at INR 51,700/t and basic grade at INR 48,000/t. Prices are exw Kharagpur, applicable for Kolkata and Howrah.
Prices were reduced against the backdrop of price cuts by other mills and subdued bids at SAIL auctions. Also, falling export realisations weigh on domestic pig iron prices.

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