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29 Jul
14:46

Pig iron prices stable, supply exceeds demand

Merchant pig iron prices stayed level last week, with supply still outweighing demand, as US buyers withdrew in preparation for the new round of domestic ferrous scrap price settlement. Sellers' offers remained largely flat on-week, with most suppliers keeping indications in the market, rather than seeking firm bids or announcing tenders. Both Brazilian and Russian mills stuck to prior-week levels in the absence of firm bids, but amid expectations th…
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