24
Jul
16:03
Supply surge pressures Russian pig iron prices
The abundant supply of pig iron, triggered by the suspension of Russia’s export duty through August, has led to increased competition between a larger pool of suppliers. This, combined with the absence of customers due to summer holidays, is putting downward pressure on prices, market participants inform Kallanish.
Another factor potentially weighing on prices are the recent huge tonnages of semi-finished steel bookings from China and Asia, particularly in T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous