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03 Jun
17:04

CIS pig iron offers rebound in quiet market

Global merchant pig iron trading activity has waned in the past week, although negotiations are continuing in a volatile market, participants tell Kallanish. CIS producers have not just kept offer indications flat on recent scrap price and ongoing Chinese ferrous prices volatility, but increased them further mid-week. Having achieved $665/tonne cfr Nola for most recent sales, CIS producers are now eyeing a higher, $680-690/t cfr price tag, and the market's opi…
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