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04 Feb
12:01

Italian pig iron demand surges, billet prices increase

Demand for Italian pig iron is booming again, despite the market continuing to be uneventful with few contracts being signed. Last week, transactions were reported at increased prices, but some CIS producers continued not to quote due to shortages. One purchase from the CIS was reported last week at $580/tonne cfr Italy, up from the previously heard level of $560/t cfr Italy. CIS pig iron exporters are expected to quote, possibly already this week, at $580-590/t c…
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