CIS PIG IRON: Export prices fall in response to higher freight rates

The price of pig iron from the Commonwealth of Independent States (CIS) fell this week, to offset an increase in freight rates caused by the start of the ‘grain season’ in the region, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS $/tonne was $335-340 on Thursday July 25, down by $5 per tonne week on week. “[It is the] grain season, so now freight rates have gone up by $5 per tonne or even more,” one trader told Fastmarkets. No new sales were heard from the Black Sea market over the week. In the United...

Published

Marina Shulga

July 26, 2019

09:38 GMT

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