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20 Mar

Italian pig iron prices surge

Italian pig iron demand is strong, with sales being made by distributors who buy from Russian companies allowed to sell in the EU. Prices are increasing by $30-40/tonne compared to the beginning of the month, following higher offers from CIS sellers, Kallanish hears. Ukrainian producers are not quoting in Italy, preferring instead to sell larger vessels of pig iron in the US, which is currently driving global sales. According to sources, Russian producers are now …
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