Chinese buyers return to market after the week long national holiday. Pig Iron prices increase slightly in the range of RMB 75-120/t in few of the cities in China.
Whereas, it is unchanged in Tangshan at RMB 2,500 to 25,500/t, quoted in the last of August.
Ex works prices inclusive of 17% VAT on cash payment basis
Rise of iron ore and coke prices in China resulted in the rise of Pig Iron prices which are anticipated to correct in near future.
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