Tata Metaliks has raised pig iron prices by INR 1,000/t ($13). Fresh offers for foundry grade are at INR 52,700/t and basic grade (Si 1.0-1.5%) at INR 49,700/t exw Kharagpur. Prices are applicable for Kolkata and Howrah. The rally in offers by other producers and rising bids in recent SAIL auctions are supporting prices. Tata Metaliks’ pig iron production stood at 344,000 t in FY’22.
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