There was little activity in the pig iron market in the United States this week because buyers were cautiously optimistic about the possibility of a price reduction.
Fastmarkets' import price assessment for pig iron in the US was $370-380 per tonne cfr on Friday December 14, down from $375-385 per tonne cfr a week earlier. The most recent booking of CIS-origin material in the US was heard at slightly above $380 per tonne cfr in early December. That was a reduction from $385 per tonne cfr in September. The market has been completely silent since the early December booking and the...