The pig iron market in the United States was silent this week because buyers are expecting to see price reductions in early 2019.
Fastmarkets' import price assessment for pig iron in the US fell to $360-370 per tonne cfr on Friday December 21, down from $370-380 per tonne cfr a week earlier. "I have not heard any bids or [had any] inquiries from US buyers," one source from the Commonwealth of Independent States said. "They are definitely not excited about a large drop in the raw material's price because it will drag final product prices down."All negotiations have been postponed...