Demand for pig iron in Italy at normal levels

Tuesday, 09 October 2018 16:04:45 (GMT+3)   |   Brescia
       

According to the market sources, pig iron demand in Italy is at normal levels, while it cannot be described as being strong. The last purchases relating to ex-CIS material were characterized by a price of $390/mt CFR Italian port. In the pig iron market, as in the raw materials market in general, there is a climate of great uncertainty due to geopolitical events such as Turkey's reactions to US trade measures or China-US relations. For this reason, market sources explained, pig iron purchases are aimed at meeting the most immediate needs and buyers avoid placing orders that entail long delivery times and many of them prefer buying 1,000 mt lots of material that is already available at ports.


Similar articles

Ex-Russia BPI sellers fail to achieve higher prices, hike attempts continue

19 Apr | Scrap & Raw Materials

MMK’s crude steel output down 2.9 percent in Q1

19 Apr | Steel News

Brazilian BPI mills target higher export prices, impact of scrap eases as discussed at IIMA meeting

18 Apr | Scrap & Raw Materials

Ukraine’s ArcelorMittal Kryvyi Rih posts higher output for Q1, plans 50% utilization

17 Apr | Steel News

China’s crude steel output down 1.9% in Q1, steel prices start to rebound in April

16 Apr | Steel News

Turkey’s pig iron imports increase by 57 percent in January-February

16 Apr | Steel News

Ukraine’s pig iron output up 32.1 percent in Q1

10 Apr | Steel News

Ansteel’s crude steel output up 0.15 percent in 2023

09 Apr | Steel News

Brazilian pig iron exports increase in March

05 Apr | Steel News

Global BPI market quiet after last week’s deals, buyers not expecting higher prices soon

05 Apr | Scrap & Raw Materials