India: Tata Metaliks cuts pig iron prices by up to INR 1,700/t ($21/t)

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Tata Metaliks has reduced basic pig iron prices by INR 1,400/t and foundry grade prices by INR 1,700/t for Oct’22 orders.
Fresh offers for foundry grade are at INR 48,500/t and for basic grade (Si 1.0-1.5%) at INR 45,500/t exw Kharagpur. Prices are applicable for Kolkata and Howrah.
The decline in offers by other producers and/or competitors compelled Tata Metaliks to slash prices.

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