CIS PIG IRON: Market up again on shortage; further increases expected

The export pig iron price from the Commonwealth of Independent States went up again during the week to Thursday December 10 on a shortage of material with further increases expected, according to market sources.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $450-460 per tonne on Thursday, narrowing upward from $433-460 per tonne a week earlier.
Turkey remained an active buyer of pig iron from the CIS during the week, mainly due to the strong steel market there and the rapid growth of the scrap price over the period.

In the middle of the week, a Russia-origin cargo of less than 5,000 tonnes was sold...


Marina Shulga

December 11, 2020

16:08 GMT