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10 Aug
17:01

CIS pig iron sellers pressured to lower offers

Merchant pig iron prices in major importing hubs continue to correct amid low demand and softer raw material segment dynamics, with several sales concluded at relatively low levels. With lead times shortening, the market is becoming increasingly buyer-orientated, market participants tell Kallanish. The US market for imported pig iron has softened on the back of the considerably lower domestic scrap settlement in August, despite finished products’ ongoing str…
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