Tata Metaliks has announced a decrease of INR 1,000/t ($12/t) in pig iron (both basic and foundry grades) prices due to lack of demand at existing prices. Post-revision, prices of foundry-grade pig iron stand at INR 43,000/t ($515/t) while those of basic-grade (Si 1.0-1.5%) are at INR 40,500/t ($485/t). Prices are exw-Kharagpur and applicable for Kolkata and Howrah markets.
