India: Tata Metaliks increases pig iron prices by INR 1,000/t ($12/t)

Tata Metaliks has raised pig iron prices by INR 1,000/t for both basic and foundry grade materials. Fresh offers-

• Foundry grade: INR 47,700/t
• Basic grade (Si 1.0-1.5%): INR 44,700/t.
• Prices are exw-Kharagpur and applicable for Kolkata and Howrah.

The rebound in offers by other producers on account of removal of export duties were the key reasons behind the price hike.