28
Oct
15:28
Pig iron sentiment softens further on US retreat
Pig iron price sentiment continued to trend down in the past week, despite ongoing firmness in Brazil and Ukraine offers, supported by high production costs and freight rates, Kallanish observers.
With US bookings from these two destinations in late September and early October peaking at around $555/tonne cfr Nola, bid indications last week hardly reached $450/t cfr Nola. One buyer was circling $420-430/t cfr, sources confirm. The rest of the market remained …
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Anonymous
Very good overview of the weekly steel market.
Anonymous