FEATURE: CIS pig iron market grapples with low buying, added competition

A weak outlook for CIS pig iron exports into Europe over the next month is the result of weeks of thin trading activity and increasing competition, traders told Steel First.


Prices for pig iron from CIS producers have been largely unchanged for weeks, while transactions have been few and far between.
Steel First’s assessment for Ukraine-origin basic pig iron was $390-400 per tonne fob Black Sea on Thursday September 19, and $430-440 per tonne fob Baltic Sea for Russia-origin basic low-manganese material.
European mills have been slow to resume buying CIS pig iron after returning from their summer holidays in late August, against the expectations of many market participants.

Pig iron producers, many of which struggle with profitability, have been keen to keep their...

Published

Nina Nasman

September 20, 2013

12:10 GMT

London