Pig iron demand revives slightly in Europe

In the Turkish domestic pig iron market, local producer Kardemir kept its prices unchanged in its latest price list published on March 9. 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.
 
Ukrainian pig iron suppliers' offers to the Turkish market are standing at $490/mt CFR for May shipments, though the price idea of Turkish buyers is below this level. However, market players think that the producers may easily decrease their offers to $480/mt CFR for some customers who conclude high volume purchases on a regular basis.
 
In the meantime, pig iron demand has revived slightly in Europe, and buyers have accepted the offered prices as they seek to meet their urgent needs. It is heard that pig iron transactions have been concluded from Ukraine to Italy at the price level of $485/mt CFR, while Russian offers are standing little higher than this level and are at $495/mt CFR.