According to market sources, import scrap prices in
Turkey, which had rebounded slightly after Ramadan, have maintained their upward trend this week and are currently at $240-245/mt CFR. Meanwhile, the price of iron ore of 62 percent Fe content for delivery to China's Qingdao port has increased to $56.5/mt CFR. This rise in raw material prices has been reflected in
CIS-based
pig iron producers' offers to the export markets, which have increased by $5-10/mt during the past week to $240-245/mt CFR. However, demand for
pig iron from the
CIS is still weak in
Turkey. In the meantime, an Ukrainian
pig iron producer is expected to announce its new offer prices this week.