28
Feb
16:40
Russian iron producers avoid offering amid falling scrap
Significant pressure stemming from falling imported scrap prices in Turkey, and expectations of a $15-50/tonne reduction in bushelling scrap in the US next week, are keeping Russian pig iron producers out of the market temporarily. They are awaiting improvements or confirmation of bottomed prices, market participants inform Kallanish.
The presence of abundant stockpiles, along with material enroute to Italy, coupled with sluggish demand for finished steel in Turke…
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Anonymous
Very good overview of the weekly steel market.
Anonymous