26
Aug
17:01
Pig iron resists lower bids
Recent stagnation in the global merchant pig iron trade started to lift a little during the past week, but the unfolding dynamic failed to lift prices.
Although some market participants tell Kallanish the rebound is near, others expect more of the ongoing origin-based split in prices, with sanctioned Russian material having little chances to be sold at considerable margin to scrap.
The US appetite remained at $450-460/tonne cfr Nola for imported pig i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous