Saturday. January 22,
Pig iron market in China opens with slight downturn as steel prices are bit high & there is price discrepancy between buyers and sellers. Due to higher pig iron prices, supply is not sounding good and also some difference is seen in offer prices and transaction prices. Producers & steelmakers go for the option “waiting n watch” due to rising in production cost. Cast Iron price growth is slower as compare to pig iron reason being bad weather & harsh transportation.
With approaching of Chinese lunar New Year, buyers are keen to stock pile ahead of the holidays.
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