India: Tata Metaliks increases foundry grade pig iron price by 4%

Tata Metaliks Ltd (TML) has raised its foundry grade pig iron price by INR 1,700/t ($23) to INR 38,700/t ($534), however its basic grade (Si 1-1.5%) pig iron price remained unchanged at INR 33,700/t ($465). The prices are ex-plant, Kharagpur, eastern India & are applicable for Kolkata & Howrah market. The company has raised prices following a sharp surge in offers in Northern & Eastern India, due to supply shortage on recent export orders. As per SteelMint’s assessment, foundry pig iron prices in Northern India (Delhi & Punjab) increased by INR 2,000/t, w-o-w,


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