- Tata Metaliks has increased pig iron prices by INR 3,200/t ($42/t), or about 6%. Fresh offers for foundry grade material stood at INR 57,700/t and basic grade at INR 55,200/t. Prices are exw Kharagpur, applicable for the Kolkata and Howrah markets.
- The rise in prices is attributed to a sharp surge in coal, coke and steel prices, hikes by private producers and rise in bids at SAIL auctions.
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