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10 Mar
Following the initial shock of Russia's invasion of Ukraine that wiped out both countries' basic pig iron exports, prices have skyrocketed and Russian supply is slowly returning to destinations other than Europe and the US, Kallanish observes. In the absence of CIS material, buyers in the US and Mediterranean have flocked to Brazil, with US buyers booking multiple and those in the Mediterranean just one June-loading cargo. This has lifted Brazili…
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