CIS export pig iron market stable amid pessimistic mood

The CIS export pig iron market has been stable over the past week, as trading activity continued to be slow due to pessimistic market sentiment.

Buyers were still cautious about purchasing pig iron, unsure whether prices would reduce further on weak raw material prices in the global market. Metal Bulletin’s 62% Fe Iron Ore Index showed no signs of recovery and remained at $60.09 per tonne cfr China on Thursday October 12, down from $62.05 per tonne cfr China at the beginning of the month. Metal Bulletin’s cfr China Hard Coking Coal Index was still weak at $191.44 per tonne on the same day, down from $192.50 per tonne in early October. Some improvement in market activity was expected after the end of the three-day International Iron...

Published

Marina Shulga

October 13, 2017

15:16 GMT

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