17
Dec
10:51
Italian pig iron demand remains strong
Italian pig iron import deals are concluding at $520-530/tonne cfr, after offers and contract prices fell by $50/t on average compared to November.
Despite forecasts of low demand before the Christmas holiday break, consumption remains strong for merchant pig iron bought by distributors from the CIS to replenish stocks at the Marghera port, the main Italian steel hub.
Mills are paying up to the equivalent of $530-540/t cfr Italy for low but frequent volumes of ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous