KYIV, Jan 26 – The second decade of January brought lower prices for cast iron in all markets around the world, cheaper scrap metal and ore on the spot market and weakening demand for flat-rolled products, and thus forced traders to make concessions.

Practically no deals were made on the U.S. market, according to Ukrainian Industry Expertise, a steel industry consultancy. “Buyers are confident that the downtrend will be long-term and are in no hurry to close deals,” the consultancy said.