Offers in the domestic market were at low levels during the same month on account of no increase in the raw material offers and also as Pig Iron market was not doing good world wide.
A total of 10,537.363 tons of Pig Iron was imported by China in October 2012, drop of 43.542% M-o-M. Whereas, exports reduced by 50.341% to 5,944.702 tons.
On an average, Pig Iron imports offers were quoted at US$468.89/MT and those for exports were at US$460.89/MT.
In the first ten months of 2012, total imports and exports of Pig Iron stood at 372,729.52 tons and 263,672,387 tons respectively.
US$ 1=RMB 6.2892
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