17
Jun
17:05
Brazilian sales galvanise lower pig iron prices
The relentless downtrend in merchant pig iron prices that started in April continued last week, reinforced by Brazilian suppliers, previously reluctant to reduce prices, succumbing to buyer pressure. By lowering their price expectations and selling to the US for the first time in over two months, the new, lower market level galvanised the western hemisphere, Kallanish observes.
From offer indications of around $800-830/tonne fob the week prior to last, challe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous