Iron market report Oct 2012
2012-11-12 09:35:01
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The price of steel billet bulleted up during the National Holiday, and prices of iron ore fines, coke and finished steel followed to rise after the holiday, so the iron market performed well in the first week after the holiday when steel mills replenished inventory.Asian Metal Copyright On cast iron and S.Asian Metal Copyright In the second week after the holiday, prices kept rising in some regions with satisfying deals due to tight supply.Asian Metal CopyrightG.Asian Metal Copyright Prices of raw material leveled off in late October when markets of finished steel and steel billet fluctuated, and the iron market remained stable, lacking driven force.Asian Metal Copyright Prices of raw material leveled off in late October when markets of finished steel and steel billet fluctuated, and the iron market remained stable, lacking driven force.Asian Metal Copyright On cast iron and S.Asian Metal Copyright In the second week after the holiday, prices kept rising in some regions with satisfying deals due to tight supply.Asian Metal CopyrightG.Asian Metal Copyright cast iron, the markets saw little-to-no activity during the National Holiday with growing stocks, and the prices went down after the holiday due to soft demand.Asian Metal Copyright cast iron, the markets saw little-to-no activity during the National Holiday with growing stocks, and the prices went down after the holiday due to soft demand.Asian Metal Copyright cast iron, the markets saw little-to-no activity during the National Holiday with growing stocks, and the prices went down after the holiday due to soft demand.Asian Metal Copyright However, with cost on raw material keeping rising, the iron price followed to rise.Asian Metal Copyright On cast iron and S.Asian Metal Copyright The iron market trended sideways narrowly in late October with the on-game between demand and cost. Overall, the appreciation accumulated to RMB50-150/t for pig iron, RMB50/t for cast iron, and RMB30-150/t for S.Asian Metal Copyright However, with cost on raw material keeping rising, the iron price followed to rise.Asian Metal CopyrightG.Asian Metal Copyright Overall, the appreciation accumulated to RMB50-150t for pig iron, RMB50t for cast iron, and RMB30-150t for S.Asian Metal Copyright cast iron in October.Asian Metal Copyright Overall, the appreciation accumulated to RMB50-150t for pig iron, RMB50t for cast iron, and RMB30-150t for S.Asian Metal Copyright
