The difference between pig iron costs and steel scrap prices stood at Yuan 232.7/mt as of February 28, which is lower than the average price difference of Yuan 322/mt in 2022, and was at a relatively lower level of fluctuation range (-135,789) between the two last year. .
The difference between pig iron costs and steel scrap prices decreased by RMB 54/mt.
While steel scrap prices continued to increase in February, pig iron costs increased more slowly due to the limited increase in iron ore prices caused by stable coke prices and tighter market surveillance.
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