CIS PIG IRON: Market improves on scrap gains, suppliers’ wait-and-see approach

摘要

The export market for pig iron from the Commonwealth of Independent States improved during the week ended Thursday February 20 due to continued scrap price increases. Additionally, suppliers have opted to hold back sales, contributing to the bullish mood in the market. “Suppliers apparently put things on hold and are not offering material at this point; they want to wait for better pricing,” one buyer source said.