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20 Dec
16:03

Pig iron trade slowly continues in pre-holiday slumber

The global merchant pig iron market has continued to tick away at a slow pace in the past week. Approaching holidays and seasonally difficult loading conditions contributed to the already slow trading pace of the fourth quarter, Kallanish observes. After selling a large, 50,000-tonne lot at $478/tonne cfr Nola just under two weeks ago, a Brazilian exporter was heard to have sold another similarly-sized lot at a slightly lower, $475/t cfr Nola. The lead time of Feb…
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