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10 Sep
12:06

Italian pig iron to fall, transactions dry up

Italian pig iron prices are seen falling month-on-month in line with the series of decreases in all steel products in the country, market sources tell Kallanish. Offers for CIS pig iron to Italian buyers are at $350-355/tonne cif. Demand for the product however remains flat as mills are choosing to buy cheaper scrap and are refusing to purchase from pig iron producers at the current offer prices, sources say.  Buyers are endeavouring to buy material in…
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