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10 Jul
15:31

Pig iron quietens ahead of consumers' summer shutdowns

The Black Sea pig iron market remains calm, with limited activity in major consuming markets, participants inform Kallanish. In Italy, most steel mills and foundries will switch to summer mode starting 15 July and will remain closed until the first week of September. This is an unusually long summer shutdown, as it typically lasts 2-3 weeks, one trader says. Italian steelmakers' foresee lengthy maintenance stoppages this summer. Market sentiment continues to …
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