India: Tata Metaliks increases pig iron prices by INR 1,000/t ($12/t)
Tata Metaliks increased pig iron prices for basic and foundry grades by INR 1,000/t ($12/t) due to short supply, scrap shortage, and active demand for finished products. Post-revision, prices of foundry-grade pig iron stand at INR 42,500/t ($506/t), while basic grade (Si 1.0-1.5%) prices are at INR 40,000/t ($476/t). Prices are exw-Kharagpur and applicable for Kolkata and Howrah markets.