27
Mar
16:00
Russian-origin pig iron interest rises amid scrap uptrend
The slight improvement in scrap import prices in Turkey and anticipated scrap market firmness have prompted increased interest among foreign buyers for Russian-origin pig iron, market participants inform Kallanish.
“Scrap is looking to be around $390/tonne cfr [Turkey], possibly reaching $400/t cfr, so I suspect we will see some sales [of pig iron],” a trading source says.
Italy is reported to have purchased approximately 90,000 tonnes of pig iron at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous