In the meantime, the significant declines observed last week and in the current week in global iron ore prices are expected to be reflected in the pig iron market also.
On the other hand, Turkey's pig iron imports have increased considerably in Q1. According to the data provided by the Turkish Statistical Institute (TUIK), in the first quarter of this year Turkey imported 365,502 mt of pig iron, increasing 39.4 percent compared to the first three months of the previous year, while Turkey's top pig iron source in the first three months this year was Ukraine which supplied 222,685 mt.