On August 24, SteelOrbis reported basic steelmaking pig iron offers at $370-375/mt FOB Baltic Sea or $380-385/mt CFR US port with the potential for $390/mt CFR US port in the horizon.
A source noted today that CIS origin basic pig iron has been offered in the US at $390-395/mt CFR at end of week as traders begin planning for buys in late August. A trader stated, “Market uncertainty is becoming evident and that price may be too high from the CIS, but given the recent trend the increase in offers was expected.”