Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS
, was $270-275 per tonne on October 10, narrowing downward from $270-280 per tonne a week earlier
“Prices in the United States and Italy [the two largest traditional outlets for CIS-origin pig iron] are too low and not acceptable for us, and besides, we can sell to China now,” one exporter said.
Global pig iron prices have dropped significantly, because they are tied to the international scrap market, and import pig iron prices are now competitive in China, one trader said.
Several sales from Russia were heard to China, one...