CIS PIG IRON: Prices up on improved demand, higher scrap values

Export pig iron prices from the Commonwealth of Independent States went up on improved demand, supported by higher scrap prices, sources told Fastmarkets this week.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $288-295 per tonne on November 7, up from $280-287 per tonne a week ago.

“The market is firm because demand is higher than available volumes,” a supplier from the CIS said. “We see demand from China, the United States will be back after local scrap prices are finalized...

Published

Marina Shulga

November 08, 2019

17:15 GMT

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