buyers on sidelines as black sea pig iron prices soften

摘要

London—Asking prices for merchant pig iron in the Black Sea market have been falling, but buyers haven’t rushed to place orders, sources said. On Friday, S&P Global Platts lowered its weekly pig iron assessment by $10 to $290/ mt FOB Black Sea. According to several market players, buyers have been waiting to see new October scrap settlements before making bids for pig iron imports.