US, CIS pig iron prices in holding pattern pending scrap moves

摘要

Pig iron buyers and sellers in theUS market were not prepared to transact onFriday, awaiting next week’s ferrous scrapOctober trade. Sources believed the Octoberscrap buy week could give an indication if thepig iron import market had bottomed around$385/mt CIF New Orleans. Price stability wasalso evident for pig iron shipped from Black Seaports — and for similar reasons.