CIS PIG IRON: Prices up on resumption of sales to key markets

Export pig iron prices from the Commonwealth of Independent States increased this week on the resumption of sales to key markets, with buyers accepting higher prices due to shortages of the steelmaking raw material.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $283-287 per tonne on October 24, increasing from $270-280 per tonne fob.

CIS-origin pig iron sales have resumed to the United States after long-lasting confrontation of suppliers and buyers. Latest active sales to the US were heard in August. Several sales were heard at $310-312 per tonne cfr in the US, that would be...

Published

Marina Shulga

October 24, 2019

16:40 GMT

New Orleans