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19 Jun
01:00

HBI import prices seen rising in Europe

Prices for hot briquetted iron (HBI) in Europe are expected to uptick due to poor availability, trading sources tell Kallanish. This is the result of a production decrease by Venezuela's Ferrominera Orinoco during the past few weeks. Italy, Spain and France are being supplied by large vessels from Venezuela, Europe’s main import source in terms of volumes. Material from Libya, ordered mainly by Italian buyers, is becoming difficult to obtain due to…
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