Harsh weather conditions hit pig iron export activities in CIS

Thursday, 20 December 2012 18:03:38 (GMT+3)   |   Istanbul
       

With colder weather conditions, raw material and steel export activities have become more difficult in the CIS. Especially in Ukraine, cold weather has frozen the sea in some areas and, as reported, loading activities at Mariupol port are almost impossible due to the freezing of the sea.
 
On the other hand, pig iron demand in the Turkish domestic market has remained on the weak side. Turkish steel mills have recently focused on scrap purchases, while pig iron offers at about $5-10/mt above current scrap prices ($391-393/mt CFR) are expected to be accepted by Turkish buyers. However, Ukrainian pig iron suppliers indicated that they will not accept firm bids below the level of $400-410/mt CFR, while Russian suppliers are reluctant to accept firm bids for pig iron below $410-420/mt CFR. Meanwhile, increasing iron ore prices in China have also provided support for pig iron offers.
 
As it can be seen in the chart from SteelOrbis import and export section; in the first 10 months of 2012 pig iron imports from Ukraine and Russia, which are the most important pig iron import sources of Turkey, accounted for 94.4 percent of Turkey's total pig iron import volume.


Similar articles

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Price gap between low and high-phosphorus Brazilian BPI narrows in last deals

25 Mar | Scrap & Raw Materials

German crude steel output increases by 4.6 percent in January-February

25 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

Buyers from Turkey and Italy seek lower ex-Russia BPI prices even though scrap lacks direction

20 Mar | Scrap & Raw Materials

Turkey’s pig iron imports up 5.0 percent in January

20 Mar | Steel News

China’s crude steel output up 1.6% in Jan-Feb despite unexpectedly weak post-holiday demand

18 Mar | Steel News

Ex-Brazil BPI market at standstill due to high prices for buyers, ex-Russia sellers under strong pressure

15 Mar | Scrap & Raw Materials

Local pig iron prices in China - week 11, 2024

15 Mar | Scrap & Raw Materials