In the Turkish domestic
pig iron market, local producer
Kardemir reduced its basic
pig iron and hematite prices by $15/mt in its latest price list published on May 16. Accordingly,
Kardemir's price of H1
pig iron now stands at $550/mt plus VAT, its H2 price is at $540/mt plus VAT, while its price of C1
pig iron stands at $515/mt plus VAT, and its price for C2
pig iron is at $505/mt plus VAT.
Meanwhile, Russian and Ukrainian
pig iron export offers are still on a downtrend, as the decline in global raw material prices has been also felt in
pig iron prices. Ex-
CIS pig iron offers to
Turkey are currently standing at $455-465/mt CFR. Ukrainian
pig iron suppliers' export offers are standing at the price range of $440-445/mt FOB, compared to $455-460/mt FOB two weeks ago. While Ukrainian
pig iron offers to
Turkey are at $455-460/mt CFR, Turkish buyers are cautious regarding new purchases due to the ongoing price drops and so they prefer to wait for further price softening instead.