CIS PIG IRON: Suppliers sell large volumes to US, price rise in other regions

Prices went up in the export market for CIS-origin pig iron after steelmakers sold large volumes to the United States in late November, creating shortages in other markets.

“Suppliers from both Russia and Ukraine sold a lot to the US. That is why there is not much material available and prices for other destinations - to Italy, for example - will rise,” a trader told Metal Bulletin.
One Russian supplier was heard to have sold 200,000 tonnes of high manganese pig iron to the US at $340-345 per tonne cfr. Another steelmaker sold at least one cargo at $345 per tonne cfr.

And a Ukrainian steelmaker sold around 80,000 tonnes to the US at around $355 per tonne cfr, sources said. The price was higher because of...


Marina Shulga

December 07, 2017

20:40 GMT