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22 Jul
13:18

CIS pig iron export market continues to snooze

The holiday season, impeding Russian ferrous export duty and US buyers’ ongoing reluctance to engage in the market have all resulted in a stalemate in the CIS pig iron export market. No new sales have been recorded in the past week, Kallanish observes. US buyers remain on the fence in the knowledge they are currently the only market for CIS pig iron. They are not expected to return to negotiations until domestic August scrap prices are settled. With early fo…
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