CIS Pig Iron Market, weekly review


Business activity in the major outlets for CIS pig iron is extremely weak in the first week of October amid big gap between offers and bids.  Importers insist on discounts due to low scrap price compared to pig iron. Another reason is weakness in flats products segment in USA. If Italian buyers show some interest in pig iron offers, USA and Turkish mills are mostly in wait-and-see stand. Despite the fact that, decline in scrap prices at Turkish market has slowed down, the spread between deal scrap prices and nominal pig iron prices is more than... Read more inside

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