CHINA PIG IRON: Market continues uptrend amid tighter supply

Prices for imported basic pig iron into China increased over the past fortnight amid a shortage of material available from sellers, market sources told Fastmarkets on Thursday October 14.

Significant volumes of pig iron sold from the CIS to China in recent months have led to reduced availability for fresh cargoes from the region.
A limited number of offers for CIS-origin pig iron were heard in the week ended October 14, with the lowest offers for Black Sea material heard at $570-580 per tonne cfr China on October 11.

Sellers from India are facing an even more acute shortage of pig iron, with no material being offered to the export market after a sharp rise in Indian domestic steel prices in recent weeks,...

Published

Lee Allen

Tianran Zhao

October 14, 2021

12:11 GMT

Shanghai, London