Fastmarkets’ weekly price assessment for high-manganese pig iron exports
from the CIS was $320-325 per tonne fob Black Sea on Thursday June 20, down by $5 per tonne week-on-week.
“When there is no demand for final steel products, raw material prices should go down,” one trader said. “That is the case with pig iron; its price will reduce under the pressure of weak demand for HRC.”
The domestic fob US Midwest index for HRC, which requires merchant pig iron for EAF-based steel production, was $27.07...