India: Tata Metaliks cuts pig iron prices by INR 1,500/t ($17/t)

Tata Metaliks has reduced prices of foundry-grade pig iron by INR 1,500/t ($17/t) due to weak demand. This marks the second price cut this month. Post-revision, foundry-grade pig iron was priced at INR 40,000/t ($473/t).The revised prices are exw-Kharagpur and are applicable for the Kolkata and Howrah markets.