India: Tata Metaliks’ pig iron sales fall by 17%, q-o-q, in Q3FY’22

Pig iron sales by Tata Metaliks Ltd. (TML) dropped 17% q-o-q and 16% y-o-y in Q3FY’22.

Ductile iron pipe deliveries, however, were the highest ever recorded in Q3, up 30% compared to Q2.

“The pig iron business was impacted due to lower production from one blast furnace due to maintenance. Demand is mostly stable and prices are rising on raw materials cost push,” said Sandeep Kumar, Managing Director, TML.