20
May
15:50
Pig iron prices may be bottoming
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…
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Anonymous
Very good overview of the weekly steel market.
Anonymous