CIS PIG IRON: Buyers hold back on offer-bid mismatch

Buyers held back from trading in the export market for pig iron from the Commonwealth of Independent States during the week ended Thursday October 18, because there was enough material available for them to ignore high offer prices.

Fastmarkets’ export price assessment for high-manganese pig iron from the CIS was $360-370 per tonne fob Black Sea on October 18, narrowing downward from $360-375 per tonne fob Black Sea.

Buyers in the United States, the largest global consumer of merchant pig iron, had not accepted a higher offer from one large Russian supplier at $397-400 per tonne...


Marina Shulga

October 18, 2018

17:58 GMT