Pig iron producers in China continue to offer the material at low prices on account of weak demand from steel mills.
Most of the plants have cut production and are running at low capacities due to built up in inventory levels.
There has been no major change in prices of the material and offers continue to remain stable.
Pig iron is being offered at Rs 2,750/MT (ex works, including 17
% VAT) in Tangshan, which is unchanged in last one week.
Further price trend of Pig iron would depend on the fluctuations in raw material prices.
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