CIS PIG IRON: Market down despite resumption in sales to China

The market for pig iron exports from the Commonwealth of Independent States (CIS) was much reduced in the week to Thursday March 26, sources told Fastmarkets, despite a resumption of sales to China.

“Industrial activity has rebounded rapidly there and pig iron demand has been boosted,” one exporter from the CIS said. “The price [in dollars] has reduced, but the devaluation of the Russian rouble has neutralized the drop to some extent.”
The US dollar was trading at $1 to 78.23 roubles on March 26. On March 1, it was $1 to 66.77 roubles, according to exchange rate website Oanda.com

Fastmarkets’...

Published

Marina Shulga

March 26, 2020

19:01 GMT

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