Low-nickel Pig Iron in Low Demand, with Price Dropping

SHANGHAI, Nov.6 (SMM)－Recently Series 200 stainless steel drops in its price and steel plants are poor in its orders. This is because the raw material low-nickel pig iron does not have the financial feature, with low relevance to high-nickel pig iron. Hence the recent transaction price has dropped by 75 yuan per tonne (2%) to 3,250 yuan per tonne.

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