November 20, 2008

Pig iron prices remain high in Italy despite weak demand

Italian market prices of pig iron have been staying at a high level, with demand remaining weak. However, prices of pig iron have dropped to USD 950 to USD 980 per tonne these days, after a peak of USD 1,000 per tonne.

Due to higher price, the willingness of buying pig iron is weak. Buyers are preferred to buy high grade scrap while CIS pig iron suppliers are reluctant to further cut prices.

(Sourced from YIEH.com)