21
Feb
16:55
Stagnant Russian pig iron export market faces pressure
The Russian pig iron export market remains stagnant, marked by a notable absence of demand in foreign markets, participants inform Kallanish.
This situation is exacerbated by downward pressure stemming from decreasing imported scrap prices in Turkey, as well as lower levels achieved in deals for Brazil-origin pig iron volumes in the US.
Two cargoes of Brazil-origin pig iron are heard to have been sold at $460-465/tonne cfr Nola, compared with offers at $450-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous