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09 Jun
08:06

US market pushes down Brazilian pig iron prices

Brazilian pig iron export prices have fallen at the beginning of June, pushed lower by recent scrap price movements. Global downward sentiment has widened the gap between buyer and seller expectations, Kallanish learns from local market sources. “After almost two weeks of negotiations where Brazilian sellers remained firm in not accepting offers below $480 per tonne, market participants have started reviewing their position and close new contracts at a lower…
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