May 2012 | Steel Raw Materials
Expected pig iron price increases in Europe fail to materialise in late April: Iron Metallics Highlights
Market participants noted that steel producers in the USA have inventories that will last throughout the remainder of the quarter.
In April, pig iron demand was relatively weak with market participants noting that Germany and Europe as a whole saw weak pig iron flows. Earlier in the month, prices were anticipated to see moderate increases; but, the weakness in demand over the past few weeks cancelled the expected price mark-ups in...
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