17
Feb
16:14
Pig iron pauses in West, Turkey accelerates enquiries
The merchant pig iron market retained its pace in the past week, but activity moved from the western hemisphere to the east, Kallanish observes.
The caveat is the Turkey/Syria effect on the scrap market, which has softened somewhat in the past week, both in demand and prices, also casting a shadow on US and European scrap markets. Pivotally, US mills' seven-week buying spree secured them robust arrival books. With Brazilian offers remaining at a firm $480-500…
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Anonymous
Very good overview of the weekly steel market.
Anonymous