Pig Iron prices in China might stabilize in near term 

Steel mills in China might unchange Pig Iron prices in near future provided raw materials and semi finished products prices are firm.

Pig Iron price was quoted high in the mid of September due to rise of iron ore, scrap and Billet offers. From the 10th to 27th of September, Pig Iron offers moved up by RMB 100-150/t and that of scrap by RMB 130/t.

Economic unstability and dull buying has resulted in downward trend of Pig Iron prices again. Most of the steel mills prefer not to sell, either on maintenance reasons or hold production rather than offering at low price.