Chinese pig iron market prices are low and it's falling down

In terms of supply and demand, some pig iron companies resumed blast furnace production, but the orders of downstream foundry companies have not improved, and the demand for pig iron continues to be sluggish. About costs, with the price reduction of coke and iron ore, the immediate profit of pig iron has turned from deficit to profit, and there is still room for downside in superimposed coke. It is expected that the pig iron market in East China will continue to be weak next week.