29
Apr
15:35
Pig iron sentiment softens amid lack of deals
Global merchant pig iron trade remains on hold, amid slowly but surely declining value indications.
Although no active bids were detected in the past week, pig iron price indications are slipping on May US domestic ferrous scrap price settlement projections, and declining deal values in Turkey’s import market. European scrap indications are also showing signs of weakness, as mills are working at reduced capacity utilisation levels amid strict power consumpti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous