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10 Dec
12:13

Merchant pig iron market lull intensifies

The inertia that has been gripping the merchant pig iron market continued throughout the past week with no deals taking place and buyers' indications moving further down, Kallanish reports. In the Mediterranean, only one sale was heard of Russian origin material to Italy, at an approximate fob level of around $530/tonne ($565/t cfr). Considering indications from buyers at much lower $530-540/t cfr levels during the week, the sale could either be of a high…
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