20
Jan
16:23
Merchant pig iron market regains some momentum
The positive sentiment seen in the merchant pig iron market in early January has returned after being stifled by buyers' indecisiveness in the interim, with sales concluding in key markets, Kallanish understands.
Higher US January domestic ferrous scrap settlement kept Brazilian suppliers' offers firm at $470-490/tonne fob Brazil, and the relatively long lead time of late-March loading brought buyers to the negotiating table. As a result, a major US buyer …
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Anonymous
Very good overview of the weekly steel market.
Anonymous