12
Nov
18:00
CIS pig iron resistance continues
Stirred up demand in the US and Europe produced several merchant pig iron sales in the past week, propping up values, but lethargic dynamic lingers, Kallanish observes.
Both buyers and sellers remain savvy amid the cacophony of rapidly diverging fundametals, but China's ongoing stasis remains the top concern. Although demand in China also stirred last week, bid and offer indications were the cost of freight apart at $530-540/tonne cfr/fob.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous