Iron Market Report January 2013

Domestic pig iron market increased after depreciation in January with overall appreciation by RMB50-160/t.Asian Metal CopyrightDomestic pig iron market increased after depreciation in January with overall appreciation by RMB50-160t.Asian Metal Copyright With high cost, low stocks and increasing steel prices in early January, pig iron market tended to be upswing and iron plants hiked offers, especially some iron plants in Shandong.Asian Metal Copyright Deals increased as traders followed suit with high prices, while prices still lack of support from demand.Asian Metal Copyright Some plants hiked purchase prices to get more materials.Asian Metal Copyright In mid January, iron prices tended to be stable and values fell back due to stagnated movement and depreciation at ports without trading entered late January, while with high cost, the depreciation remained limited.Asian Metal Copyright Deals increased as traders followed suit with high prices, while prices still lack of support from demand.Asian Metal Copyright With high cost, low stocks and increasing steel prices in early January, pig iron market tended to be upswing and iron plants hiked offers, especially some iron plants in Shandong.Asian Metal Copyright In mid January, iron prices tended to be stable and values fell back due to stagnated movement and depreciation at ports without trading entered late January, while with high cost, the depreciation remained limited.Asian Metal Copyright Trading tended to be weak as the Spring Festival approaches and future market remained unclear without the support from demand.Asian Metal Copyright Trading tended to be weak as the Spring Festival approaches and future market remained unclear without the support from demand.Asian Metal CopyrightDomestic pig iron market increased after depreciation in January with overall appreciation by RMB50-160t.Asian Metal Copyright