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30 Jun
08:20

Italian pig iron prices decline, demand weak

Italian pig iron prices are continuing to fall, with limited new contracts being agreed and demand reported weak. Buyers are adopting a wait-and-see attitude amid worsening uncertainty in the steel industry and further pig iron price falls forecast in July, Kallanish notes. Italian distributors, who purchase directly from producers to replenish stocks at the main Marghera port, are agreeing contracts for pig iron from Russian companies allowed to sell in Europe at…
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