CIS PIG IRON: Uptrend in prices continues despite lack of trades

The uptrend in the pig iron export market from the Commonwealth of Independent States (CIS) continued in the week to Thursday December 24, despite no trades being reported, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $500-510 per tonne on Thursday, up from $475-500 per tonne a week earlier.
No offers were reported from CIS this week because suppliers were evaluating availability and preparing to come back to the market early next year with higher offers.

“One supplier told me that there is no use in offering something now, because buyers will try to negotiate lower prices," one...


Marina Shulga

December 24, 2020

15:42 GMT