Pig iron prices show downward trend-Report
It is reported that, suffering from the dropping steel scrap prices, international pig iron prices are following along in the downward slide.
Taiwan mills are currently receiving quotations of about USD 900 per tonne CNF Taiwan port. This is about USD 100 per tonne lower than the previous peak price level of USD 1,000 per tonne.
However, Taiwan mills have expressed their view that the price is still too high to buy and they are adopting a wait and see attitude, in expectation that the price will keep falling.
Source: Yieh.com
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