Pig Iron is being traded at same prices in China as compared to last week prices. Offers had moved up by RMB 170/MT for October due to rise of raw materials and billet prices.
Some of the steel mills in China resumed production on low supply and shortage of material as production was on hold during the beginning of the month.
In Tangshan, Pig Iron is being offfered at RMB 2,600-2,650/MT (Ex works prices inclusive of 17% VAT on cash payment).
US$1 = RMB 6.3112
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