Extremely cold weather hits CIS pig iron exports

In the Turkish domestic pig iron market, local producer Kardemir has kept its prices unchanged in its latest price list published on February 17. Accordingly, Kardemir's price of H1 pig iron still stands at $545/mt plus VAT, its H2 price is at $535/mt plus VAT, while its price of C1 pig iron stands at $510/mt plus VAT, and its price for C2 pig iron is at $500/mt plus VAT.
 
CIS pig iron suppliers are not hurrying to enter the market with new offers. The latest pig iron offers from Russia to Turkey were standing at $475-480/mt CFR for shipments in late March and April, while Ukrainian offers were at $465-470/mt CFR.
 
The wintry weather conditions in Russia and Ukraine are reportedly hitting raw material and steel export activities in the region. However, the harsh weather conditions, which have led to the freezing of the sea in certain areas and have negatively affected loading activities at ports, are expected to soften in March, and CIS pig iron suppliers are anticipated to enter the market with new offers towards mid-March.