India: Tata Metaliks hikes pig iron prices by INR 2,500/t

  • Tata Metaliks has raised pig iron prices by INR 2,500/t ($33/t) for both basic and foundry grade material.
  • Fresh offers for foundry grade stand at INR 54,500/t, while for basic grade offers are at INR 52,000/t. Prices are applicable for Kolkata and Howrah.
  • Rising steel and higher coke and coal prices led to the rally in pig iron prices. Producers in Durgapur hiked prices by INR 4,200/t, w-o-w.

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