Low demand for pig iron in China weighs on import prices

Prices for imports of basic pig iron into China have weakened over the past fortnight with bearish sentiment dominating the country's ferrous complex, sources told Fastmarkets on Thursday November 11.

Chinese finished and semi-finished steel prices have been falling for most of the past two weeks, weighing down demand for pig iron, they said.
Fastmarkets' fortnightly assessment of the price for pig iron, import, cfr China, was $540-550 per tonne on November 11, down by $20-25 per tonne from $560-575 per tonne.

The number of offers for basic pig iron was limited over the past two weeks. Offers for material from...

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