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04 Feb

Merchant pig iron prices continue to notch up

Global merchant pig iron prices continued to move up last week, despite extremely low spot sale volumes, amid still further increased offers by merchant suppliers. Sellers' mood remains bullish, with new offers scarce and reports of some US interest in CIS material, which however did not produce any sales. But a sale of Brazilian high-phosphorous material at $505/tonne fob southern Brazil has pushed cfr Nola prices up a notch, to around $540-550…
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