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Jiaokou Tianma Industry enlarges cast iron output

2019-04-28 09:34:35   【Print】
BEIJING (Asian Metal) 28 Apr 19 - As demand of cast iron improves in April, Shanxi Jiaokou Tianma Industry Co.Asian Metal Copyright enlarged cast iron output and stopped producing pig iron one week ago, according to a source from the company.Asian Metal Copyright, Ltd.Asian Metal Copyright "We sold over 10,000t of cast iron in the first half of the month with prices made at RMB2,950-3,000t USD438-446t EXW DP.Asian Metal Copyright enlarged cast iron output and stopped producing pig iron one week ago, according to a source from the company.

"We sold over 10,000t of cast iron in the first half of the month with prices made at RMB2,950-3,000/t (USD438-446/t) EXW D/P. And after we completed orders of pig iron, we totally halted pig iron production as its price was much lower at only RMB2,500/t (USD71/t) Ex-VAT or RMB2,800/t (USD416/t) In-VAT EXW," said the source, who is reluctant to accept orders of pig iron in the short term.

The company, with an annual production capacity of 600,000t, expects to produce 40,000t of cast iron in May, up from 20,000t in April, holding no inventory now.

As prices of iron ore rose by RMB20/t (USD3/t) and prices of metallurgical coke rose by RMB100/t (USD15/t), iron production cost increased in the area by over RMB80/t (USD12/t). Prices of cast iron Z18 moved to RMB3,050-3,100/t (USD453-460/t) EXW D/P last Friday, up by RMB50/t (USD7/t) from the prior week.
.Asian Metal Copyright And after we completed orders of pig iron, we totally halted pig iron production as its price was much lower at only RMB2,500t USD71t Ex-VAT or RMB2,800t USD416t In-VAT EXW," said the source, who is reluctant to accept orders of pig iron in the short term.Asian Metal Copyright