Pig iron import prices hit high in Taiwan
YIEH reported that Taiwanese import prices of pig iron have been rising since the beginning of this year.
Last week the price had settled at USD 538 CNF Taiwan; however, this week one buyer in middle Taiwan had transaction price at USD 546 CNF Taiwan from Russian supplier.
According to market source, the quoted price was at USD 540 to USD 550 CNF Taiwan. the source added that pig iron price shall be continued to go up again because the mill will answer the 65% increase of iron ore price.
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