Pig Iron buying has reduced in China on account of falling prices of raw material and semi finished material, iron ore and billet and weak demand of steel products.
Some of the steel mills in China hold Pig Iron production due to poor buying. Offers might witness some downward trend in near future.
In Tangshan, Pig Iron is being offered at RMB 2,600-2,650/MT (Ex works prices inclusive of 17% VAT on cash payment basis).
Leave a Reply