Pig Iron sellers in China are unwilling to offer material in large quantities due to continuous rising prices.
On account of high iron ore, coke and billet offers, Pig Iron prices witness an upward trend. Billet prices move up by RMB 170/MT in last one week i.e. from the 8th of October.
Some of the plants resume Pig Iron production due to scarce availability of material on production cut in the first week and are expected to raise offers in near future due to rise in demand.
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