Factors affecting the price of pig iron are numerous and complex, supply and demand, raw material costs, policy adjustments and exchange rate fluctuations all play a direct role in the market price. The price of pig iron products such as Fodular Cast Iron and Foundry Pig Iron is also deeply affected by these factors. Through the SMM website and other platforms, we can grasp the dynamics of the pig iron market in real-time, analyze the price trend, and provide strong support for investment decisions. In a volatile market environment, only by considering all factors can we more accurately grasp the direction of pig iron prices.

The Ministry of Industry and Information Technology held a press conference on the steady growth of the raw material industry on August 25.

According to data provided by the China Iron and Steel Association (CISA), in the first half of this year, the country imported 576 million mt of iron ore, a year-on-year increase of 7.7%.

The first unmanned molten steel transportation system in China is officially launched today.

On April 24, the China Iron and Steel Industry Association held a symposium on the economic operation of some steel companies in the first quarter in Anshan Iron and Steel. The participants believed that the current international situation is complex and changeable, the global economic recovery is slow, and the domestic macro economy has begun to stabilise.

According to China Iron and Steel Industry Association official Weibo news, on April 26, the CISA held an information conference for the first quarter of 2023 in Beijing to introduce the operation of the steel industry.

Against the background of the recovery of downstream real estate and infrastructure operating rates, the steel industry ushered in the peak season.

The 19th Iron and Steel Industry Development Strategy Conference was held in Shanghai recently. Jiang Wei, vice president of the China Iron and Steel Association, said that overall, the real estate industry still has no obvious upward trend of recovery, and there is no motivation for a substantial increase in steel demand. The automobile industry is expected to recover.

During early March, 2023, key steel enterprises produced a total of 21.52 million mt of crude steel, 19.2 million mt of pig iron, and 20.25 million mt of finished steel.