Over the past week, ex-CIS pig iron offers to the export markets have remained stable at $340-345/mt FOB. While demand for ex-CIS pig iron in the global market is still slack, supply problems are also continuing since some CIS-based pig iron producers have started maintenance works and some of them have stated that they will use pig iron for captive conversion.
According to market sources, US-based buyers prefer to conclude ex-Brazil pig iron deals at more attractive price levels instead of booking ex-CIS pig iron. Having made sales to the US at $312-315/mt FOB two weeks ago, Brazilian suppliers’ pig iron offers to the US are currently at $315-320/mt FOB.