CIS pig iron market stagnant on lack of demand

The CIS pig iron market has remained at a standstill on lack of trades, leaving prices unchanged on Thursday May 30 but under pressure from falling iron ore and scrap values.

Metal Bulletin sister title Steel First assessed the price for Russia-origin basic low-manganese pig iron at $410-425 per tonne fob Baltic Sea, unchanged for a second week. The price for basic Ukraine-origin material was unchanged week-on-week at $380-385 per tonne fob Black Sea. Ukraine-origin basic pig iron was heard offered at $385 per tonne...

Published

Nina Nasman

May 31, 2013

14:52 GMT

London