Pig iron prices forecast to reach USD 500 per tonne
YIEH reported that Taiwan's import prices of pig iron are rising quickly, with increasing scrap prices are behind the price hikes.
The report added that in last month, scrap price kept going up primarily because of low scrap collection in winter season. Meanwhile international freight also on a upward trend.
The import price of pig iron in Taiwan is quoted at USD 455 to USD 475 per tonne C&F and it is likely to reach USD 500 per tonne C&F in next January.
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