The pig iron export market in the Commonwealth of Independent States remained inactive during the week ended Thursday December 13 as buyers preferred to postpone bookings ahead of the year-end holidays.
Fastmarkets' CIS export price assessment for high-manganese pig iron was unchanged at $355-360 per tonne fob Black Sea on December 13.
"Buyers prefer to wait until January, because [the] pig iron price [is] supposed to decline early next year," one trader told Fastmarkets. The only deal was heard to be done to the US market in December. Although that deal was not...