Far Eastern consumers are still discreet in pig iron imports as most of them either sit on high stocks or have their own blast furnaces. Producers also consider prices to be too high and insist on discounts, which is why the gap between bids and offers has reached $20/t. Sellers, in their turn, are slow to make reductions. They have mostly taken a wait-and-see approach, so the material supply to the Far East is short at the moment.
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