07
Apr
16:00
Rising supply reverses global pig iron price rise
The merchant pig iron market remains in a lull after lengthening lead times and four-digit price tags placed US buyers on the fence as they awaited April domestic scrap settlement.
Despite prices of some scrap grades having risen, US buyers have not returned to pig iron importing. Just one purchase was confirmed in the US, of an Indian 25,000-tonne cargo sold at $820/tonne fob India and grossing forward to around $910/t cfr Nola, for June arrival, trader…
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Anonymous
Very good overview of the weekly steel market.
Anonymous