11
Feb
13:36
Ural Steel acquisition hinders Russian pig iron availability
The sale of Metalloinvest’s Ural Steel works to fellow Russian producer Zagorsk Pipe Works (ZTZ) is bound to further reduce availability of merchant pig iron from Russia, market sources say.
The issue hinges on another major Russian merchant pig iron supplier, Tulachermet, continuing to reduce its export availability in order to supply its new Tula Steel venture. Previously exporting around 300,000 tonnes/month of high-quality basic pig iron (BPI),…
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Anonymous
Very good overview of the weekly steel market.
Anonymous