CIS PIG IRON: Market stronger than buyers’ expectations on low availability

The market for pig iron exports from the Commonwealth of Independent States (CIS) was stronger than buyers expected during the week ended Thursday February 13 despite low availability, sources have told Fastmarkets.

“Demand is higher than supply now, so we do not intend to reduce the price any further,” one exporter said.
Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $310-315 per tonne on Thursday, down from $315-325 per tonne a week before.
Several sales were heard to the United States at $334-336 per tonne cfr, normalized to ports in the Gulf of Mexico. That would be around $315 per tonne fob Black Sea.

In China, pig iron demand continued despite assumptions that it would fade due to the measures being taken to contain the...


Marina Shulga

February 14, 2020

20:35 GMT