Pig iron price pressure mounts as CIS spends another week with weak sales

摘要

London—Ex-CIS merchant pig iron prices came under more pressure the week ended April 1 as major buyers in the US and China spent another week without placing large orders for CIS pig iron, sources said. “There have been no sales from the CIS [to the US] for a long time,” a CIS merchant said. He said the price expectations from US buyers were low and it was better to wait and see what would happen in the US scrap settlements in the next week before making any price concessions on pig iron. His put his price target at $630/mt CIF New Orleans.