According to major Chinese steelmaker Wuhan Iron and Steel Group (
WISCO), its subsidiary Echeng Iron and Steel Co. produced 334,000 mt of
pig iron in the January-April period of the current year, 20,000 mt more than the targeted volume. The average
production cost for
pig iron during the given period was RMB 2,820/mt ($447.38/mt), hitting an all-time high.