CIS PIG IRON: Buyers, sellers waiting for possible price falls

The export market for pig iron from the Commonwealth of Independent States was quiet this week because sellers and buyers preferred to wait to see whether prices would fall, sources told Metal Bulletin on Thursday May 10.

“The busheling-grade scrap price in the United States didn’t decrease, while shredded scrap went down by $10-20 [per tonne] in May. That could cause a reduction in pig iron prices in the US,” a trader told Metal Bulletin. “The price [of pig iron] in [other] markets will depend on the results of negotiations in the US.”

Metal Bulletin’s export price assessment for high-manganese pig iron from the CIS region was $360-385 per tonne fob Black Sea on May 10, widening downward by...


Marina Shulga

May 10, 2018

18:35 GMT