CIS PIG IRON: Market sentiment improves on full order books

Sentiment in the export pig iron market in the Commonwealth of Independent States improved during the week to Thursday September 16, with higher prices expected after suppliers sold large tonnages in late August and early September.

Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $490-505 per tonne on Thursday, narrowing upward by $15 from $475-505 per tonne the previous week.

The assessment has been declining since late May on oversupply and weakened steel prices.One sale to China of Russia-origin pig iron was heard at $555 per tonne cfr, which would be equivalent to about $490-495 per tonne fob. Another sale from to China from Russia was concluded at...

Published

Marina Shulga

September 17, 2021

14:05 GMT

Dnipro