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15 Jul
16:45

CIS pig iron export market remains muted

The CIS pig iron export market has remained muted this week. The forthcoming introduction of Russian ferrous export duties amid the holiday season in Europe and Middle East is weighing on the dynamic, resulting in shortening lead times. Buyers remain reluctant to book, Kallanish hears. The Russian cargoes sold to the US in the past month at $625-645/tonne cfr Nola were too few to close August-loading books, with a similar situation observed in the Uā€¦
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