In the Turkish domestic pig iron market, local producer Kardemir kept its prices unchanged in its latest price list published on April 13. Accordingly, Kardemir's price of H1 pig iron still stands at $565/mt plus VAT, its H2 price is at $555/mt plus VAT, while its price of C1 pig iron stands at $530/mt plus VAT, and its price for C2 pig iron is at $520/mt plus VAT.
On the other hand ex-CIS pig iron offers to Turkey have maintained last week's levels. Russian pig iron offers to the local Turkish market are standing at $495-500/mt CFR, while Turkish buyers are not showing interest in concluding transactions from Russia for the time being. Meanwhile Ukrainian suppliers' pig iron offers to Turkey are at $480-485/mt CFR.
SteelOrbis has learned from market sources that Turkish mills are abstaining from rising their raw material inventories, as the transaction activity for flat and long steel products fails to show liveliness. So these mill restrict their purchases within the scope of their urgent needs. Market players believe that the CIS pig iron exporters will keep their pig iron offer levels unchanged for a while and meanwhile it is believed that Turkish buyers may conclude bookings at the price level of $475-485/mt CFR.