Turkish demand for CIS pig iron exports still weak

Thursday, 06 August 2015 15:35:36 (GMT+3)   |   Istanbul
According to market sources, import scrap prices in Turkey, which had rebounded slightly after Ramadan, have maintained their upward trend this week and are currently at $240-245/mt CFR. Meanwhile, the price of iron ore of 62 percent Fe content for delivery to China's Qingdao port has increased to $56.5/mt CFR. This rise in raw material prices has been reflected in CIS-based pig iron producers' offers to the export markets, which have increased by $5-10/mt during the past week to $240-245/mt CFR. However, demand for pig iron from the CIS is still weak in Turkey. In the meantime, an Ukrainian pig iron producer is expected to announce its new offer prices this week. 
 

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