Pig Iron Price Trend: A Practical View of Market Movement and Industry Demand The pig iron price trend is closely watched by the steel and foundry industries because pig iron is one of the basic building blocks of iron and steel production. It is produced by smelting iron ore in a blast furnace and is later refined into steel or used directly in casting. Since pig iron sits at the starting point of the metal value chain, even small changes in its price can influence many downstream products. Understanding its price movement in simple terms helps in seeing how the wider steel market behaves. Click to Read More: https://www.price-watch.ai/pig-iron-prices/