25
Oct
15:48
Limited Russian pig iron supply offsets weak exports
The availability of pig iron from Russia is limited, offsetting weak export demand, but the scrap price downtrend is weighing on pig iron values, market participants inform Kallanish.
The supply scarcity is attributed to Russian metallics producer Metalloinvest's equipment repair concerns, leading to a shortage in metallics production. Consequently, some pig iron volumes are being redirected to local Russian mills, a trader says, referring to raw material shor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous