CIS PIG IRON: Market seasonally inactive on pessimistic sentiment, falling iron ore values

A lack of activity combined with pessimism and weak iron ore prices to leave export prices for pig iron from the Commonwealth of Independent States (CIS) unchanged in the week to Thursday August 15.

Fastmarkets’ weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, stayed at at $335-343 per tonne on Thursday. “Italy is [at the height of the] vacation season, Turkey is on holiday [and] buyers in the United States are in wait-and-see mode, so nothing is going on in the market this week,” one source said. Market participants said the current workable level for CIS-origin pig iron in the US was $365-368 per tonne cfr - equivalent...

Published

Marina Shulga

August 15, 2019

16:30 GMT

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