CIS PIG IRON: Market weakens on pessimistic mood

The pig iron export market in the Commonwealth of Independent States weakened during the week ended Thursday December 6 on a pessimistic mood among buyers.

Fastmarkets’ CIS export price assessment for high-manganese pig iron was $355-360 per tonne fob Black Sea on December 6, compared with $355-365 per tonne a week ago. “There were no firm offers in the market this week. Mills were collecting bids because whatever price they say, buyers will ask $10 per tonne lower as further price declines are expected in the market,” one trader told Fastmarkets. “We are still waiting for a recovery in demand in December, when customers will need to discuss their needs for January 2019,” a pig iron exporter from the CIS said. “A lot will depend...

Published

Marina Shulga

December 07, 2018

11:27 GMT

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