No deals heard despite softer pig iron import offers for Turkey

Wednesday, 06 June 2012 17:41:43 (GMT+3) |

While ex-CIS pig iron offers to Turkey were standing at $440-450/mt CFR in previous weeks, offer levels have declined to $435/mt CFR in the current week. Although ex-CIS pig iron offers are now at their lowest levels of 2012, no transactions have been heard so far. Buyers in the Turkish domestic market are cautious about concluding pig iron deals as the price range of ex-CIS offers is quite wide and offers keep decreasing.

In addition, global scrap prices have seen sharp decreases lately and, if no change is observed in this trend, pig iron offers are expected to soften further soon.

No deals heard despite softer pig iron import offers for Turkey

Similar articles

Decline expected in Turkish pig iron market

Turkey’s pig iron imports up 32 percent in January-August

Turkey’s pig iron imports up 31 percent in July over June

Pig iron import offers to Turkey indicate increases

Turkey’s pig iron imports up 65.5 percent in H1

Pig iron import quotations decline in Turkey

Sluggishness prevails in Turkish pig iron market

Turkey’s pig iron imports up 80.5 percent in Jan-May

Turkish pig iron market follows sideways trend

Pig iron market continues its decline

Marketplace Offers