17
Jul
15:45
Abundant supply, weak demand pressure Russian iron prices
Easing supply on export markets, resulting from Russia's temporary suspension of export duties, coupled with weak demand, are putting downward pressure on Russian pig iron prices, market participants inform Kallanish.
Traders indicate that major Russian suppliers, including Ural Steel, Evraz, NLMK, and Kosaya Gora, have unsold shipments for August.
The surplus is mainly due to exporters preferring to supply pig iron, whose export duty is suspended till end-Au…
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Anonymous
Very good overview of the weekly steel market.
Anonymous