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15 Oct
16:13

Merchant pig iron rebounds tentatively

International merchant pig iron trade has perked up in the Mediterranean as demand has awakened, resulting in one sale last week at a new, higher level. Other buying regions largely remained either on the fence, or were bidding lower than the new, higher offers, pegged by costlier feedstocks, finished products and power prices, Kallanish learns from market participants. As expected, bullish sentiment prevailed in Italy. Despite relatively high stocks and a recen…
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