China: Pig iron prices gain highs

Saturday,February 19,

 

 Pig iron prices after revision soared upto $ 547-555/MT.* Transactions showed signs  of healthy trading volumes and market players expect further  rise  in prices and have started stockpiling. Prevailing opinion of steelmakers in China indicates that it is  difficult to purchase pig iron at this moment. Insiders are taking bullish view of the subsequent market. 

 


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