17
Mar
17:33
Pig iron prices rise further, US buys
Merchant pig iron prices continued to rise amid very few sales this week, as already short availability was cut shorter by the absence of Ukrainian and Russian material following Russia’s invasion of Ukraine, Kallanish notes.
The release of much delayed demand from the US is driving prices up there, with the latest transaction from Brazil estimated by traders at up to $970/tonne cfr Nola. This is for a large, high-phosphorous material Brazilian cargo sold la…
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Anonymous
Very good overview of the weekly steel market.
Anonymous