27
Jan
16:53
US continues pig iron bookings, keeps sentiment firm
Merchant pig iron buying continued in the US in the past week, as was widely expected, confirming the positive sentiment seeded in early January.
Subsequent buying mood may cool down now, as US buyers' arrivals schedule appears sufficient for this quarter, although prime material from Ukraine at corresponding prices is likely to entice interest, if available, market participants tell Kallanish.
As Brazilian lead times extend well into April and US flat …
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Anonymous
Very good overview of the weekly steel market.
Anonymous