21
Jul
14:34
Italian pig iron activity reaches standstill
The Italian pig iron market has reached near total deadlock. With scrap prices low, imported pig iron remains uncompetitive and buyers persist in their wait-and-see attitude, with no interest in buying material, Kallanish notes.
At the beginning of the month, Italian distributors, who purchase directly from producers to replenish stocks at the main Marghera port, bought pig iron from Russian companies allowed to sell in Europe at $460-470/tonne cfr Italy.
Foundri…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous