CIS PIG IRON: Market up again on short availability; suppliers review stocks

The export pig iron market from the Commonwealth of Independent States rose for the sixth consecutive week during the week to Thursday December 17 on a growing shortage, after most suppliers left the market to evaluate availability.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $475-500 per tonne on Thursday, up from $450-460 per tonne a week earlier. The price has risen every week since November 12 when the price was at $370-374 per tonne.

“We are out of the market this week, calculating availability,” one supplier said. “Demand is huge and...

Published

Marina Shulga

December 18, 2020

15:45 GMT

Dnipro