CIS PIG IRON: Prices pick up on rising iron ore, scrap costs but buying limited

The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened over the past week following rises in the prices for iron ore and ferrous scrap.

Fastmarkets’ price assessment for low-manganese pig iron exports, fob main port Baltic Sea, CIS, was up by $5 per tonne to $355-360 per tonne on July 4.
Offers of material from Russia’s Tulachermet to Europe were reported at $390 per tonne fob Baltic Sea, up from the previous level of $365 per tonne fob.
But this price was considered too high by the customers, who said that the workable price would be in the range of $355-360 per tonne fob Baltic Sea.


Vlada Novokreshchenova

July 04, 2019

18:20 GMT