CIS PIG IRON: Prices up on reduced availability

Export prices for pig iron from the Commonwealth of Independent States (CIS) increased on reduced availability, sources told Fastmarkets this week.

Fastmarkets’ weekly price assessment for CIS high-manganese pig iron exports, fob main port Black Sea was $335-340 per tonne on Thursday July 11, up from $325-335 per tonne a week earlier.
“[Ukraine's] Metinvest cut availability due to lack of raw materials, [and Russia's] Metalloinvest also reduced volumes of merchant pig iron [due to] testing a new[flexible modular furnace] (FMF) and losses in pig iron market [due to high iron ore prices],” a source from Russian pig iron producer Tulachermet told Fastmarkets.

“We also cut availability...

Published

Marina Shulga

July 12, 2019

17:46 GMT

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