CIS PIG IRON: Sales resume at lower prices on scrap market weakness

Trading activity in the pig iron export market from the Commonwealth of Independent States (CIS) resumed in the week ended Thursday January 17 but at reduced prices, due to falls in the scrap markets in the United States and Italy.

Fastmarkets’ price assessment for CIS exports of high-manganese pig iron narrowed downward to $320-330 per tonne fob Black Sea on January 17, from $320-335 per tonne a week before. A deal for Ukraine-origin pig iron was heard at $345-350 per tonne cfr in the US, equivalent to around $325-330 per tonne fob Black Sea. That was down from the latest deal to the US heard in December at $365 per tonne cfr - before the...


Marina Shulga

January 17, 2019

18:48 GMT