December 03, 2008

Pig iron import prices in SEA keep soaring

It is report that the import price of pig iron in East Asia has reached USD 660 to USD 670 per tonne on CNF basis.

Currently, the import price of pig iron in East Asia is at USD 630 per tonne and the Japan’s Nippon Steel Corp’s import price is around USD 620 per tonne.

The main reason for the price rise is because of strong demands in global market and soaring operating costs.

(Sourced from Yieh.com)