The Russian pig iron market has entered a quiet phase due to the holiday season. Trading activity has slowed significantly, with limited transactions reported. Market participants are adopting a wait-and-see approach, anticipating that activity will pick up after the holidays.

Despite the current lull, there is cautious optimism for a potential recovery in early 2025, driven by restocking needs and possible changes in market dynamics. However, the overall sentiment remains cautious as the market navigates through this period of reduced activity.