Iron Market Report October 2013
2013-11-08 18:45:07 【Print】
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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.
