European pig iron market improves
The European pig iron market seems to be facing a new springtime, as some buyers have returned to the market.
Italy's buyers have purchased Russian pig iron at USD 210 per ton. There are some transactions in the market, which show signs of improvement. However, market participants warn that a similar situation appeared last year, while price dived sharply after the improvement.
At the end of March, pig iron activity remained sluggish as stocks were still at high levels.
(Source : YIEH.com)
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