Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $270-280 per tonne on October 17, widening upward from $270-275 per tonne a week earlier.
Several sales of Ukraine-origin pig iron were heard to China at roughly $275-280 per tonne fob Black Sea, according to estimates by market sources.
Before these deals, several sales from Russian pig iron exporters were heard at the same fob-basis price.
Among the sales from Russia, there was one of pig iron for November shipment at around $275 per tonne fob Black Sea, and another at a higher price but with prompt shipment.
Since these sales were agreed, however, the workable price for the Chinese market has weakened slightly to $270-275...