“The market has livened up,” one seller of Baltic Sea pig iron told Metal Bulletin this week.
A different view was heard of the Black Sea pig iron market, however.
“I think the [Black Sea] market is at a ‘saddle point’, and may go either up or down. So, I prefer to wait and watch,” a trader working with Black Sea pig iron said.
The prices for scrap, which can be a relative substitute for pig iron in the steelmaking process, have started to fall.
Metal Bulletin’s daily indices for Northern Europe- and USA-origin HMS 1&2 (80:20)...