After increasing significantly in previous weeks due to the blockage of the transportation system in Ukraine, ex-
CIS pig iron offers to
Italy have recently decreased slightly due to low demand.
According to sources, Italian buyers have been reluctant to purchase at higher prices and so their bookings of
pig iron from the
CIS have generally remained scarce even though they have increased slightly. Basic
pig iron offers from the
CIS region are now at around $370/mt CFR
Italy, i.e., $10-20/mt lower than two weeks ago, but still significantly higher compared to the $290/mt level recorded at the beginning of February.