13
Jan
16:57
Buyer hesitation stifles merchant pig iron growth
The merchant pig iron market saw stable sentiment in the past week, but the absence of transactions and higher offer indications prevented new trading, Kallanish understands.
In line with rising US domestic ferrous scrap settlement (see Kallanish passim), Brazilian suppliers have raised offers by around $20/tonne on-week to $470-490/t fob Brazil, with an extended lead time pointing to late-March loading. The previous sale at $460/t fob of a 55,000-tonne cargo to a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous