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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | Steel Raw Materials


Has China started to import pig iron?: Iron Metallics Market Analysis


Assuming most of the Hong Kong pig iron imports last year ended up in China that would make the latter the biggest MPI importer in Asia in 2018. In the first three quarters of 2018,

As the first chart illustrates, Hong Kong surprisingly boosted merchant pig iron (MPI) imports last year, but we suspect the volume may have been destined for China. Considering that the steel industry of Hong Kong is represented by one re-rolling mill, Shiu Wing Steel, the import MPI volume was not destined for this country, and we understand may have been delivered to Chinese steelmakers. Key MPI importers in East and Southeast Asia – Taiwan, Thailand, South Korea and Indonesia – do not have any MPI shipments from Hong Kong recorded...

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