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20 Sep

Black Sea pig iron demand remains subdued

Demand for Black Sea pig iron remains subdued, with foreign buyers of Russian pig iron displaying no interest to make purchases. Simultaneously, Russian suppliers are not under pressure to sell amid attractive prices for finished steel in their domestic market, market participants inform Kallanish. In Italy, Russian material is being quoted at $380-390/tonne cfr, largely unchanged from the previous week. In Turkey, customers are exhibiting no interest and workable…
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