CIS PIG IRON: Falling scrap costs drag pig iron prices down

The pig iron export market in the Commonwealth of Independent States has softened on falling scrap prices, sources told Metal Bulletin on Thursday August 2.

Metal Bulletin’s export price assessment for high-manganese pig iron from the CIS region went down to $380-390 per tonne fob Black Sea on Thursday, from $390-395 per tonne the week before.
“The scrap price has fallen dramatically in Turkey.No one will pay $70 [per tonne] more for pig iron than for scrap,” one trader told Metal Bulletin.

The price for HMS 1&2 (80:20) scrap from the United States has slipped further. Metal Bulletin’s...


Marina Shulga

August 02, 2018

18:58 GMT