After five months of roaring demand for pig iron in China, market sources have started to doubt whether buying activity there will continue.
In March, when the steel industry in Europe and the United States had only started to face the impact of the Covid-19 pandemic, China began to recover, resuming normal operating rates and starting to absorb almost all available spot pig iron volumes from the global market.High, stable demand in China has supported global pig iron prices, while demand in traditional outlets - in the United States...