Italian pig iron prices are seen falling in new transactions, in line with lower scrap value expectations for May. May pig iron values will also be impacted by a large-tonnage vessel of cheaper pig iron rumoured to have arrived from India.
Domestic demand has gone quiet due to the downturn seen this month in all steel products and gloomy forecasts of falling raw material prices.
No significant pig iron transactions are said to have happened in April. With prices…
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