Weak finished steel prices in the US and Italy have prevented the CIS pig iron export market from growing.
Fastmarkets’ export price assessment for high-manganese pig iron from the CIS was $360-375 per tonne fob Black Sea on October 11, widening upward on higher offers.
Once prime grade scrap in the US went up by around $20 per tonne, a large pig iron exporter from Russia has increased offers to $397-400 per tonne cfr, that would be close to $377-380 per tonne...
