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05 Jun

Italian pig iron prices stabilise, billet weakens

Italian import prices for pig iron have remained unchanged, both compared to May and to last week, Kallanish learns from market sources. Prices for basic pig iron are still at $390-395/tonne cif or equivalent in Italy as Italian buyers are making purchases from traders’ material already in consignment stock at ports. Producers in the CIS region are quoting prices in the range $405-435/t cif, but Italian buyers are not purchasing at these pri…
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