24
Mar
11:00
Italian pig iron buyers resume purchasing from Russia
Italian pig iron buyers are resuming purchasing from Russia after the EU clarified that only Russian finished steel is sanctioned. In recent days, Italian distributors who buy from CIS producers to replenish stocks at Marghera port have placed some orders with producers who can legally supply the EU, sources tell Kallanish.
Very small lots were sold to buyers at $850/tonne cfr Italy. According to two sources, however, one Russian supplier whose ability to sell int…
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Anonymous
Very good overview of the weekly steel market.
Anonymous