21
Jan
13:10
China supports merchant pig iron despite patchy demand
Merchant pig iron prices solidified further last week despite the ongoing reluctance of spot buyers to commit to new purchases in some key importing regions.
However, producers' deepening commitments to long-term formula-based contracts secured full order books for February, while reviving semi-finished product demand further reduced merchant pig iron availability from some mills, Kallanish notes.
Having sold close to 50,000 tonnes of February-casting pig ir…
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Anonymous
Very good overview of the weekly steel market.
Anonymous