As SteelOrbis has learned from market insiders, pig iron offers from Russia and Ukraine to Turkey for end of May and early June delivery have remained unchanged as compared to last week. Accordingly, Russian pig iron offers to Turkey are still at the level of $495-500/mt CFR, though it seems difficult for these offers to attract interest since Turkish buyers consider the offers to be on the high side.
On the other hand, Ukrainian pig iron offers to Turkey, which were at the level of $490/mt CFR at the end of March, have softened slightly in the last two weeks to $480/mt CFR, and it is reported some transactions have been concluded recently at the price range of $480-490/mt CFR.
With scrap and iron ore prices maintaining their strength, it is considered that pig iron prices may maintain their current levels.
Ex-CIS pig iron offers to Turkey
Tags:
Pig Iron Raw Mat Ukraine Turkey Russia CIS Middle East Mediterranean Non-EU Countries Steelmaking