Iron ore and coke prices reduce in north eastern Chinese market due to low supply and poor sales. Hence, Pig Iron offers are expected to fall further.
Construction activities have started in Beijing, a city in China but it has not impacted price of the semi finished material much.
Market may witness some upward movement of Pig Iron prices if raw materials like iron ore and coal is quoted at higher price.
Prices in Tangshan city of China have come down by RMB 130/t in last fortnight, from RMB 2,580-2,600/t to RMB 2,450-2,500/t (ex works prices inclusive of 17% VAT).
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