29
Nov
16:24
Merchant pig iron market loses momentum, buyers wait
The merchant pig iron market is yet to catch up with the ascending ferrous scrap dynamic in Turkey, one of the most prominent scrap importers.
Amid almost a complete lack of purchasing in the past week, only Italy and Turkey made scarce bookings. The US was back on the fence amid the Thanksgiving holiday, ample arrivals and forthcoming December domestic scrap settlement negotiations, Kallanish observers.
US pig iron import trade is not expected to rejuvenate unl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous