27
May
16:19
CIS pig iron slides on new deals
CIS merchant pig iron has finally found its way to the US, as sellers succumbed to lower bids, unchanged at $630-640/tonne cfr for several weeks. China's ubiquitous ferrous price correction supported US buyers' ongoing efforts to secure material at lower-than-offer prices, while narrowing lead times further emphasised the need for a correction.
Two 50,000-tonne pig iron cargoes were sold at $665/tonne cfr Nola with July shipment tag, by Russian …
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Anonymous
Very good overview of the weekly steel market.
Anonymous