Pig Iron prices rise by RMB 1,000/MT to RMB 2,600-2,650/MT (Ex works prices including 17% VAT on cash payment basis) in Tangshan. Offers move up in few of the other cities too.
Looking at present demand, plants are facing supply issues as Pig Iron production was lowered before the national holidays.
Prices of raw materials such as iron ore and coke alongwith billet have increased in the last few days in China, billet offers move up by RMB 200/MT.
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