Pig Iron is a semi-finished metal produced from iron ore in a blast furnace and poured into moulds or “pigs” in preparation for making steel, wrought iron and alloys. Pig iron is a natural substitute for scrap and is an important component for making steel. The price of pig iron is related to domestic and export demand in producing countries and to the cost of charcoal, the most volatile cost item in pig iron production. The final product can have different mechanical properties as a result of certain alloys being added during production to meet the requirements of various industrial uses such as automotive, ship building and construction.