India: Tata Metaliks hikes foundry grade pig iron prices by INR 700/t ($9/t)

  • Tata Metaliks has raised foundry grade pig iron prices by INR 700/t. Fresh offers are reported at INR 54,700/t. However, offers for basic grade are stable at INR 51,000/t. Prices are exw-Kharagpur, applicable for the Kolkata and Howrah markets.
  • As per officials, prices rose on improving sentiments and better demand at lower offers with foundries resuming buying activities which they had stopped for a long time.

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