CIS PIG IRON: Market activity revives after long silence

Trading activity has rebounded in the export market for pig iron from the Commonwealth of Independent States after a long silence in key outlet regions for the product.

“The market is still rather quiet, but buyers have started to show an interest in new purchases,” a trader told Metal Bulletin on Thursday May 17. 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 17, stable week on week. Prices in the United States, the key market for exports of CIS-origin pig iron, remained soft on weaker scrap prices in May. Sources close to CIS pig iron producers estimated the market at $405-410 per tonne cfr...

Published

Marina Shulga

May 17, 2018

18:15 GMT

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