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28 Jun
15:58

CIS pig iron lull continues as bids decline

The CIS merchant pig iron export market remains in flux. Buyers' expectations continue to soften, while sellers are getting to grips with the possibility of having to increase their offers further on the back of Russia’s proposed ferrous export duties from 1 August. With CIS suppliers' lead times stretching into August, there is no urgency to reduce offers in order to sell, which enables producers to continue monitoring volatile market developme…
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