Tata Metaliks has witnessed fall in sales volume of Pig Iron & DI Pipe, lower by 23% & 8% respectively in Q1 FY23 on a y-o-y basis owing primarily to softening of market sentiment of Pig Iron from mid-May onwards.
Pig Iron prices also witnessed a sharp drop in market prices after imposition of export duty by the Govt on May 22, 2022. On the Raw materials front, coal and coke prices moved up significantly (coke price was up 30% over Q4). Profitability was severely impacted in the quarter owing to the above factors.
Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1287.40 |
| Lloyds Metals&Energy | 1627.90 |
| Jai Balaji Inds | 73.46 |
| Steel Exchange India | 9.75 |
| Rajputana Stainless | 128.40 |
| View more.. | |
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