CIS PIG IRON: New sale to US drives prices higher

The export price for pig iron from the Commonwealth of Independent States rose again in the week to Thursday March 5, on new sales.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $329-340 per tonne on Thursday, up from $320-327 per tonne a week earlier.

The key driver of the market level was a pig iron sale from Russia to the United States at $363 per tonne cfr in the middle of the reporting week. Sources estimated the freight rate at...


Marina Shulga

March 06, 2020

16:01 GMT