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27 Sep

Black Sea pig iron market remains quiet

Russian pig iron producers were assessing their export positions after the government imposed an export duty, while demand in major pig iron consuming markets remained weak, market participants inform Kallanish. Russia has implemented an export duty ranging from 0-7% from 1 October, dependent on the exchange rate. With the current exchange rate at approximately RUB 96.71 to the dollar, this equates to an estimated additional burden of 7%. Despite the additional t…
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