Pig Iron is being traded at slightly high prices in Tangshan (China). Offers move up on account of increase in prices of raw materials such as iron ore and coke, low supply of Pig Iron and also as billet prices show improvement.
Pig Iron prices in Tangshan rise by RMB 50/MT and are standing in the range of RMB 2,750-2,800/MT (Ex works prices including 17% VAT on cash payment basis).
US$ 1=RMB 6.2897
Demand for Pig Iron has been same and is impacted by slowdown in sales of finished steel products.
In the current week, steel Pig Iron is expected to be offered either at similar price levels or might witness some downward trend.
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