July 2012 | Steel Raw Materials
Buyers remain cautious: Iron Metallics Highlights
Stability seen in pig iron prices across northern China.
Pig iron prices in northern China were stable last week amid thin trading. Prices of pig iron in northern China stood at Rmb3,050-3,130/tonne ($483-496/tonne) on July 13, unchanged on a week-on-week basis. Market participants remained cautious and are expected to continue to safeguard themselves to prevent trading losses. Some steel mills have recently suspended pig iron purchases, raising concern among producers as mills order to meet future production levels. Overall, the decision by mills...
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