22
Sep
11:16
Italian pig iron buyers remain on fence
The Italian pig iron market standoff has deepened as buyers remain on the fence in a continued wait-and-see mode, Kallanish notes.
Local distributors, who purchase directly from producers to replenish stocks at the main steel hub, Marghera port, bought CIS and Donetsk pig iron in July and August, and the cargoes are now reaching port. Material in consignment at Marghera is abundant and, with the current low interest from mills, distributors prefer to continu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous