Hebei Steel mills halt pig iron purchase
(MySteel.net)
Updated:
2008-09-24 15:13
Counter:
It is reported that in the last two months, Steel mills in Hebei halt the purchase of steelmaking pig iron in succession. Following Xingtai Steel, Chengde Steel, Guofeng Iron and Steel and Tangshan Iron and Steel, Tianjin Steel Pipes also stopped its purchase recently. Tianjin Tiantie Steel withdraws from the market on September 20th.
Currently in Hebei, almost all the steel mills have stopped their purchase. As a result, most iron plants have to suspend production. Pig iron is offered at CNY 4100 per tonne to CNY 4200 per tonne now, but trade can rarely be seen.
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