US pig iron, HBI buyers said waiting for cuts
Sep 24, 2012 | 12:51 PM
| Juan Weik
SÃO PAULO, Brazil North American merchant pig iron and hot-briquetted iron (HBI) buyers have indicated that they wont purchase any of the scrap substitutes if producers dont lower their offers significantly.
Venezuelan HBI producers have been offering October shipments to the United States at some $290 to $295 per tonne f.o.b., but buyers are looking to pay much less, market participants told AMM sister publication Steel First.....
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