Iron Market Report November
2013-12-05 18:25:08 【Print】
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Price of S
. G. cast iron rises by RMB30-50/t this month. While price declines by RMB80/t in some areas due to remoteness . There are some reasons for the price rise: Firstly, the government increases efforts to environmental check as the Third Plenary Session of the 18th CPC Central Committee holds, and the government control ironworks in Hebei, Shanxi, Shandong and Jiangsu strictly, and many ironworks have suspended production, which causes tight supply of pig iron, and many player line up to purchase pig iron . Secondly, downstream casting companies restock for winter and demand increases slightly . As a result, S . G . cast iron companies increases price of S . G . cast iron. Prices are Up by RMB30/t in Liaoning, RMB50/t in Hebei, RMB70/t in Shanxi, RMB30-70/t in Shandong, RMB50/t in Henan, RMB50/t in Zhejiang, RMB40/t in Jiangsu .