16
Jul
13:15
Italian pig iron prices seen declining
Italian pig iron prices are expected to decline due to weak demand. Mills and foundries are planning longer-than-typical stoppages this summer, lasting over four weeks in some cases. Sales of finished steel, both long and flat, remain sluggish, Kallanish understands.
One CIS producer says there has been a decline in market sentiment due to the decrease in Italian scrap prices. Producers from Russia who are selling in Europe initially raised their prices to $4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous