Copying and distributing are prohibited without permission of the publisher

CIS producers cut output as pig iron costs exceed market prices

July 26, 2010 - 00:00 GMT

On holiday - ‘The market is quiet, there are no new bookings’

CIS pig iron producers have begun reducing output as their costs exceed market prices, market participants told MB. Demand for pig iron remains at very low levels in Europe and the USA, they said. Although one Russian producer offered new production at $450 per tonne fob Black Sea, most export quotes stayed steady at $410-430 on the same terms. Another Ukrainian mill offered outside this range at...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

  • TREVOR TARRING: The baby and the bathwater

    “Don’t throw out the baby with the bathwater” is a well-known adage.

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals