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07 May
11:45

Italian pig iron, billet prices rise

Italian pig iron prices have increased by $20/tonne (€16), representing a second consecutive week of hikes, Kallanish hears. Distributors buying directly from the CIS to replenish stocks at Marghera port keep purchasing smaller tonnages in the range of 5,000-7,000 tonnes. However, from $590-595/t cfr Italy in the first week of May, basic pig iron prices are now reaching $610-615/t cfr for June casting, sources say. CIS mills are said to be asking for $61…
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