The overall price of ductile iron manhole covers is estimated to be weak in April
Steelmaking pig iron: Steelmaking pig iron showed a steady adjustment trend in April. Since March, the steelmaking pig iron market as a whole has entered a weak stage, mainly due to the impact of the continued decline in scrap prices. After considering the cost-effectiveness of cheap scrap steel, downstream users prefer to purchase scrap steel, which makes the demand for steelmaking pig iron significantly weakened, market transactions are light, and steelmaking pig iron prices continue to be low.
As of April 17, the Tianjin area quoted 2,980 yuan (ton price, the same below), which fell 150 yuan from the beginning of the month; Tangshan area quoted 3070 yuan, which fell 80 yuan from the beginning of the month; the Yicheng area quoted 3030 yuan, which fell 120 yuan from the beginning of the month; The offer price in Linyi area was 3,050 yuan, which was unchanged from the beginning of the month.
The prices of ductile iron manhole covers were generally weak in April. Iron ore prices fell in March, and coke prices also fell weakly. However, due to the high procurement costs of raw materials for iron plants, the price of cast pig iron was temporarily stabilized by production costs. However, due to environmental protection inspections in various places, the downstream foundry has started to operate at a low level, and the demand for cast iron is light. In addition, in some regions, the inventory of iron plants has risen. Under the pressure of inventory, prices in some regions have declined, and there is a lot of bargaining space in actual transactions.