A large volume of pig iron originating from eastern Ukraine was sold at $530 per tonne fob Black Sea
to several traders early this week, Fastmarkets heard. This was $10-20 per tonne above the deal prices heard last week.
A Ukrainian producer described $530 per tonne fob Black Sea as “a discounted price” because the material originated from “a grey area.” Parts of eastern Ukraine are under the control of pro-Russia rebels who reject the authority of the Ukrainian government.
The source, however, did not provide any estimates of a workable price for material originating from first-tier Ukrainian mills.
Market participants also reported that there were...