SteelOrbis has learned from market sources that, after the Feast of Scarifice holiday in October, the Turkish pig iron market has gained momentum this month so far in terms of activity. Turkish pig iron producers have increased their prices with the support of the uptrend in both iron ore and scrap prices.
At the same time, strong demand in Europe and the US has also supported higher pig iron prices. It is heard that offers for ex-Ukraine pig iron, which had decreased to $380/mt FOB in October, are now standing at $390-395/mt FOB. However, market players state that ahead of the year-end they do not expect pig iron prices to register increases as big as $25-30/mt as have been seen in scrap prices. Meanwhile, pig iron offers from the CIS to Turkey are varying in the range of $410-420/mt CFR.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.