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.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,...