CIS PIG IRON: Market inactive before start of holiday season

The pig iron export market in the Commonwealth of Independent States remained inactive during the week ended Thursday December 13 as buyers preferred to postpone bookings ahead of the year-end holidays.

Fastmarkets’ CIS export price assessment for high-manganese pig iron was unchanged at $355-360 per tonne fob Black Sea on December 13.

“Buyers prefer to wait until January, because [the] pig iron price [is] supposed to decline early next year,” one trader told Fastmarkets.

The only deal was heard to be done to the US market in December. Although that deal...


Marina Shulga

December 13, 2018

17:49 GMT