20
May
15:50
Pig iron prices may be bottoming
103 Views
The trajectory of merchant basic pig iron (BPI) prices remains downward, emphasised by concluded deals and seemingly increasing availability. Declining finished product and scrap prices are adding pressure on producers to consider reducing steel output, as high energy costs exert further pressure on production cost amid the declining market, Kallanish hears.
Although US buyers continue to refuse to engage, as they receive lower-priced scrap and previous…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
More free articles from our archive
Related articles
Anonymous
Anonymous