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22 Jan
09:14

Italian pig iron prices stall in uncertain market

Italian pig iron import prices are seen upticking by a few dollars. The market remains slow and uncertain however and Italian buyers are looking at US prices for reference, market participants tell Kallanish. CIS suppliers are quoting $350-355/tonne cfr but no contracts have been agreed at this price level. Mills are purchasing material at ports at the equivalent of $350/t cfr for good quality pig iron. Two vessels with a total amount of 30,000 tonnes of material …
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