Pig iron offers from the CIS region to the export markets, which were at $240-250/mt FOB early last week, have softened following the ex-Ukraine deal for 10,000 mt of pig iron concluded in Turkey at $250/mt CFR Marmara in the middle of last week. Accordingly, pig iron offers from the CIS region to the export markets have decreased by $10/mt week on week to $230-240/mt FOB.
Meanwhile, market players state that CIS-based pig iron producers have closed their sales for July shipments, while Ukrainian pig iron producers located in the regions affected by military conflict are having problems transporting their products to ports and this situation has disrupted their trading activity. With demand expected to decrease further due to the summer season, ex-CIS pig iron offers are expected to decline further in the coming period.