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08 Nov
16:01

Black Sea PI export offers rise on scrap

Russian suppliers have raised pig iron export prices in response to the recent upward trend in imported scrap values in Turkey. With negotiations still ongoing, determining accurate price levels is challenging, market participants inform Kallanish. Russian pig iron prices were assessed at $350-380/tonne fob Black Sea, up from $330-362/t fob last week. However, Russian producers have indicated they are operating at or even below breakeven, with several factors con…
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