Pig iron market in the Northeast region of China has remained more or less similar in comparison to the previous week.
Steel mills are making no extra purchases of Pig iron at the moment on account of factors such as high cost of production and weak demand.
Some of the companies into casting have not yet resumed operations and are also holding stock in large quantities.
Looking at the current scenario, few of the steel making plants have taken a shut down on maintenance reasons.
In Tangshan, steel Pig iron is being traded at same price level, in the range of Rs 2,780-2,820/MT (ex works prices inclusive of 17% VAT on cash basis).
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