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26 May
16:03

Black Sea pig iron trading stutters, prices stable

Trading activity in the Black Sea region remains limited as major foreign customers have already stockpiled sufficient pig iron supplies and are showing no interest in new purchases, market participants inform Kallanish. Weak market conditions and global downward sentiment have widened the gap between buyer and seller expectations. In Italy, scrap prices have experienced a rapid decline of around €50/tonne ($54) compared to the beginning of May, leading to p…
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