Increase in production levels of Pig Iron by few of the steel mills, iron ore price rise by RMB 70/MT in the past month and some of the plants waiting to resume operations have called for price rise.
Current Pig Iron offers stand at RMB 2,280-2,300/MT with an improvement of RMB 70/MT in the Pig Iron prices in Xinjiang, a city in China.
In the days ahead, the prices should move up slightly provided raw materials offers support Pig Iron offers and market demand does not come down.
Leave a Reply