Pig iron availability in the Italian market is expected to reduce, as the process of purchasing from Russian companies is becoming slower and more difficult. Demand for pig iron is meanwhile increasing in the country and distributors who buy from the CIS to replenish stocks at the main Marghera steel port are now concluding purchases, Kallanish hears.
Transactions are being reported at $470-475/tonne cfr Italy from the CIS region. One Russian producer is mostly us…
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