13
Mar
15:08
US buying continues to lead pig iron market
Merchant pig iron trading remained led largely by the US market, which saw new bookings at higher prices last week, Kallanish observes.
Amid fresh domestic scrap negotiations, US mills booked several Brazilian and one Ukrainian cargo at higher prices, as scrap increases reached $100/gross ton (see separate article). This pushed scrap export prices up a little more, dismissing the caution over Turkish scrap import prices potentially peaking. This has been cem…
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Anonymous
Very good overview of the weekly steel market.
Anonymous