Iron Market Report October 2013
2013-11-08 18:45:07 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Price of S
. G . cast iron declines on the whole this month with stable price in some areas . Prices of S . G. cast iron slides down by RMB30/t in Liaoning, RMB20-40/t in Hebei, RMB20/t in Shanxi, RMB30-50/t in Shandong, RMB50/t in Zhejiang, RMB80/t in Henan due to poor movement of ironworks . This price depreciation of S . G . cast iron is caused by high inventories ass S . G . cast iron companies struggle to move the materla as downstream casting demand continues to decline . Ironworks reduce price of S . G . cast iron slightly in order to reduce risk of operation as it meet difficulties in capital turnover as it is close to the end of the year .