December 2016 | Steel Raw Materials
Ukrainian suppliers scale back output on weak demandtwo of Ukraine’s largest merchant pig iron trading partners scaled back orders for October shipment, as buyers sourced more cost-competitive supplies of alternative iron metallics.: Iron Metallics Market Analysis
Two of Ukraine’s largest merchant pig iron trading partners scaled back orders for October shipment, as buyers sourced more cost-competitive supplies of alternative iron metallics.
Ukrainian merchant pig iron production declined 24% month-on-month to 204kt in October, as some mills scaled back output in response to slack demand. While exports only declined 8.5% to 225kt over the same period, MBR understands that the relatively wide premium held over major seaborne scrap benchmarks has deterred many buyers from purchasing this material in November and...
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