International pig iron markets still quiet

In the Turkish domestic pig iron market, local producer Kardemir has kept its prices unchanged since December 15. Accordingly, Kardemir's price of H1 pig iron still stands at $575/mt plus VAT, its H2 price is at $565/mt plus VAT, while its price of C1 pig iron stands at $540/mt plus VAT, and its price for C2 pig iron is at $530/mt plus VAT.
 
After the Christmas holiday, CIS pig iron producers have not yet announced their offers for shipments in late February and early March. After monitoring the market this week, CIS pig iron suppliers are then expected to enter the market again towards the end of this week or next week.  Before the holidays, Ukrainian pig iron offers to Turkey were standing at $460-465/mt CFR, while Russian offers were at $470-475/mt CFR, both for late January shipments.
 
Pig iron buyers are predicted to conclude their purchases by next week, while prices are not expected to fall below previous levels.