“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...