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27 Sep
12:03

Italian market anticipates another pig iron price fall

Italian pig iron prices are expected to continue to fall in line with low scrap values and the current downturn in finished product demand, as market activity in Italy is also stagnating. Sales volumes remain very low and CIS basic pig iron export offers to Italy are now around $310-320/tonne cfr, market participants tell Kallanish. Buyers are purchasing very small tonnages in consignment at ports at the equivalent of $320/t cfr but some sources claim th…
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