The market for pig iron in the United States was calm and weak in the week to Friday June 14 as both buyers and sellers were not ready to negotiate deals, sources told Fastmarkets.
Fastmarkets' import price assessment for pig iron in the US was $345 per tonne cfr on June 14, compared with $345-350 per tonne cfr last week. A workable buyer level "would be around $340-345 per tonne cfr, but no one is really intended to buy right now", according to a source. Meanwhile, at least three major suppliers from the Commonwealth of Independent States were heard to be out of the market. One pig iron exporter said that he would not start negotiations below...