Ex-CIS pig iron prices remain stable

Tuesday, 14 May 2019 14:20:45 (GMT+3)   |   Istanbul
       

Over the past week, demand for ex-CIS pig iron in target markets has remained slack and buyers have exerted pressure on prices due to the downward movement of scrap prices. CIS-based pig iron suppliers’ quotations to the global market are still at $330-350/mt FOB and thier offers to the US and Italy are still at $360-370/mt CFR. However, market sources think that the suppliers are likely to decrease their prices slightly in order to continue their sales in the short term.

 


Most Recent Related Articles

Metinvest’s Q2 output results hit by Covid-19, some support from iron ore and pig iron demand

Ukraine’s Zaporizhstal sees 3.4% rise in pig iron output in July, crude and finished steel down

Russia’s MMK completes upgrade of its BF No. 2

Another sizeable ex-CIS BPI deal to China

New ex-CIS BPI sale to China concluded at increased price