London—A CIS merchant pig iron price rebound came to a halt in the week ended June 19 as buyers resisted higher offers from Russia and Ukraine, according to industry sources. The asking prices for August shipment were around $320/mt FOB Black Sea, several sources said. One supplier added that his offers for the US market were at $335- $340/mt CIF New Orleans, which worked back to $320/mt FOB Black Sea. However, US buyers were resistant to pay more than $320/mt CIF Nola, the price level inked in the last reported deal.
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