01
Jul
15:44
Pig iron market drifts down as buyers wait
The drop in merchant pig iron prices is ongoing, with no sales seen in the past week, but some negotiations progressing in Europe, Kallanish observes.
After the sale of a combined 55,000-tonne cargo at around $600/tonne fob Brazil, or $640-650/t cfr Nola, just over two weeks ago, US buyers remain firmly on the fence, despite several lower-on-week offers being tabled. Some Brazilian producers were indicating offers at around $580/t fob, down some $20/t on-week…
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Anonymous
Very good overview of the weekly steel market.
Anonymous