Looking at the present market scenario where prices of raw materials such as iron ore and coke have moved up in last fortnight, there are chances of domestic Pig iron offers in China to rise in short time.
Demand for Pig iron continues to be low but due to high cost of the most important input raw material – iron ore, Chinese steel mills might lift Pig iron prices that have been stable for last one week.
Offers of Pig iron are quoted in the range of RMB 2,830-2,850/MT (Ex works Tangshan prices; inclusive of VAT on cash payment basis) currently.
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