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28 Jan
10:15

Italian pig iron prices seen falling

Distributors of CIS pig iron into Italy are expected to go back to purchasing in the coming days. Buyers, however, are adopting a wait-and-see attitude as a price correction is expected for pig iron after international scrap prices began to fall, market participants tell Kallanish. China’s absence from the market is also interpreted as a sign of imminent weakening prices. Italian mills are in the meantime purchasing very small quantities – below 1,000 …
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