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07 Jul
12:14

Italian pig iron seen declining amid limited interest

Italian pig iron prices are forecast to fall further due to limited demand and lower prices of scrap that are making pig iron seem uncompetitive. Buyers are adopting a wait-and-see attitude, as contract prices remain stable compared to the end of June but no sales are reported this week, Kallanish notes. Italian distributors, who purchase directly from producers to replenish stocks at the main Marghera port, bought pig iron from Russian companies allowed to sell i…
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