CIS PIG IRON: Bullish suppliers maintain high offers amid new sales

The export market for pig iron from the Commonwealth of Independent States rose further in the week to Thursday May 20 on new sales and bullish offers from suppliers despite an absence of large sales and even while additional volumes appeared in the market.

Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $635-655 per tonne on Thursday, up from $580-600 per tonne a week earlier. The assessment jumped by 9.32% this week having risen gradually since March 25 when it stood at $520-530 per tonne.
One sale of about 10,000 tonnes of Ukraine-origin pig iron was reported to Italy at $680 per tonne cfr, which on a fob basis would be close to $650 per tonne fob.

Another sale from Ukraine to Italy was done for about 5,000...


Marina Shulga

May 21, 2021

13:59 GMT