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31 May

Italian pig iron prices to fall further

Italian pig iron demand remains weak, with only one transaction reported over the past two weeks and prices having decreased on-month in May. June values are forecast to continue to fall. Bids from Italian buyers are now at $430/tonne cfr for Russian material sold by companies allowed to sell in the EU. Buyers are in wait-and-see mode, Kallanish hears. A large vessel of Russian pig iron was bought in May by a distributor at around $450/t cfr Italy, sources sugges…
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