The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.
Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until December 31 this year.Fastmarkets' price assessment for...