May 2012 | Steel Raw Materials
Pig iron pricing support fades as iron ore and long steel product prices slip: Iron Metallics Highlights
Chinese mills are wary of holding large inventories of pig iron.
Pig iron prices in China had little support last week as spot iron ore prices and steel prices continued to decline. Prices of pig iron in Hebei stood at Rmb3,250-3,300/tonne ($516-524/tonne) free on rail last week, unchanged for the second consecutive week. Market participants noted that discounts were given to those who purchased a...
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