Buyers of pig iron in the United States have rejected high offers from the Commonwealth of Independent States because of the uncertainty in the market for hot-rolled coil, sources told Fastmarkets on Friday October 26.
Fastmarkets' price assessment for US imports of pig iron narrowed downward to $375-390 per tonne cfr on October 26, from $375-395 per tonne a week before."The US flat steel producers said that they are struggling for orders because buyers are cautious...