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03 Nov
16:29

US standoff, weak Asia keep pig iron damp

Global merchant pig iron price sentiment flatlined in the past week amid a continuous stand-off between US buyers and pig iron sellers, as the country's ironmakers started their monthly domestic ferrous scrap price settlement this week, Kallanish observers. Softening iron ore price in China and the ongoing avalanche of the country's products offers in all directions at lowest market prices did not help Asian sentiment to strengthen either, while European b…
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