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22 Oct
11:07

Italian market anticipates pig iron price hike

Amidst expectations of domestic scrap price increases and in line with Turkish scrap hikes, Italian pig iron import prices are envisaged to increase in November and gain a few dollars. This week prices are stable at last week’s levels of $300/tonne (€269/t) cif. Mills are continuing to buy very small tonnages in consignment at ports at the equivalent of $305-310/t cfr. As material at ports is depleting, distributors have purchased pig iron directly fr…
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