Black Sea pig iron pricesdrop on weaker steel

摘要

Black Sea merchant pig ironprices have taken another dip on the backof the weakening sentiment in the US andslack demand in other markets, particularlyin Italy, sources said Friday.Platts weekly pig iron price assessmentfell $15/mt Friday to $315/mt FOBBlack Sea.Pig iron buyers in the US have furtherreduced their bids for imported material,reflecting weakening scrap and finishedsteel pricing. “Earlier expectations thatscrap would rise in January have not materialized,”a trader in Russia said.