06
Sep
13:05
Italian pig iron seen falling further
Italian pig iron import prices are continuing to decrease, having fallen over $100/tonne on average compared to transactions at the beginning of July.
The large distributors who purchase CIS pig iron to replenish stocks at the main Italian steel port of Marghera believe product will fall a further $20/t this week and have adopted a wait-and-see attitude, Kallanish learns from market participants.
Despite the impasse, sellers in Italy confirm that requests for ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous