Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS
, at $595-610 per tonne on July 22, down from $600-620 per tonne a week before
“Only foundries, and distributors who deal with them, have shown some activity in the market, but they can’t buy a lot,” one trader said. “Only steelmakers can buy large volumes, but they are booked and have alternatives in hot-briquetted iron [HBI] or scrap, while foundries can only use pig iron.”
Offers from one Ukrainian supplier were heard at $605-610 per tonne fob, but the workable level was reported...