Raw material prices weaken support for ductile iron manhole cover prices
In April, the domestic ductile iron manhole cover market was steadily adjusted. The raw material iron ore market as a whole is showing a weak downward trend, the coke market has steadily declined, the raw material prices have weakened the support for ductile iron manhole cover prices, and the pig iron downstream market has sluggish demand, which has led to greater pressure on pig iron costs and serious losses.
At the beginning of the month, due to the congress meeting of the National People ’s Congress, the iron smelters in most regions took into account the unsatisfactory transactions after the previous price fluctuations. Therefore, the prices were temporarily stabilized and favorable policies were introduced. Near the end of the month, with the end of the two sessions, no favorable policies have been introduced, and some iron mills have lowered pig iron prices in order to stimulate shipments. The domestic pig iron market is expected to show a weak adjustment in April.
According to statistics published by the World Steel Association, the total global blast furnace pig iron output in January 2018 increased compared with December 2017, and the total direct reduced iron output in January 2018 compared with December 2017 There has been an increase; the global average daily output of blast furnace pig iron increased slightly, and the global average daily output of direct reduced iron increased slightly. Statistics show that in January 2018, total global blast furnace pig iron output was 94.546 million tons, an increase of 656,000 tons month-on-month, an increase of 0.7%. The average daily output in January 2018 was 3.0499 million tons, which was a slight increase from the 3.0287 million tons in December 2017.