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15 May
17:07

Russian pig iron rises again on Italy deals

The Russian pig iron market has seen notable activity during the week, with deals in Italy exceeding market expectations, market participants inform Kallanish. Two deals were reported done in Italy for full-vessel lots. One is to the country’s largest end-user at $430-435/tonne cfr, and the second to a group of traders in the range of $435-442/t cfr Italy, depending on the payment terms and volumes. With freight estimated at around $25/t , this would transla…
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