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Seaborne merchant pig iron market activity has retreated in the wake of US buyers' breaking their long-standing hiatus and booking three Brazilian cargoes in one week. The past week saw no deals, just a few tentative negotiations, and brought more uncertainty to the market, with Russia announcing a partial mobilisation on Wednesday, Kallanish notes. After booking three Brazilian cargoes – of 55,000 tonnes, 50,000t and 35,000t – at $450/tonn…
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