CHINA PIG IRON: Buyers chase deals at lower prices following iron ore drop

Prices for imported basic pig iron to China were capped by bearish sentiment in the market during the week commencing Monday August 23, participants told Fastmarkets.

Offers for basic pig iron over the past week were heard from India at $550 per tonne cfr China and from Russia at $560 per tonne, sources said. During the previous week, offers for Brazil- and India-origin material were heard at $600 per tonne cfr China.

Export markets for pig iron from both the Commonwealth of Independent States and Brazil have been on a downtrend in...

Published

Lee Allen

Tianran Zhao

August 27, 2021

10:10 GMT

London, Shanghai