CIS PIG IRON: Purchasing activity slows down as customers restock

Trading activity in the export market for pig iron from the Commonwealth of Independent States slowed down this week because buyers in the United States had restocked and preferred to wait for clarity about the price of scrap in June.

Suppliers have almost their closed order books for July and can wait to get a clearer view of the US domestic scrap market. Traditionally, the scrap price there is set over the first ten days of the month.
Metal Bulletin’s export price assessment for high-manganese pig iron from the CIS region was stable at $385-390 per tonne fob Black Sea on Thursday May 31.

“This week was rather quiet, with no firm negotiations in either market,” one...

Published

Marina Shulga

May 31, 2018

19:00 GMT

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