Tata Metaliks pig iron sales fall 55% y-o-y in Q1 FY ’21

Tata Metalik’s pig iron sales in Q1 FY ’21 decreased more than half to 32,105 t as against 71,577 t in Q1 FY ’20, due to suspension in both production and dispatches during Mar-end following lockdown measures. The company, later in Jun, stabilised operations running with a capacity utilization of 50-70% which has been improved further in Jul ’20.