23
Jun
16:51
Pig iron market stands still, availability shrinks
The drop in Brazilian pig iron prices in recent US sales, after almost a quarter without any business, has brought the market to standstill, despite other international suppliers also indicating lower prices this week, Kallanish notes.
The sale of a combined 55,000-tonne cargo at around $600/tonne fob Brazil or $640-650/t cfr Nola – almost $200/t down on initial offers – sent ripples across markets. Coupled with regional demand and prices dropping, thi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous