The export market for CIS-origin pig iron was quiet in the week ended Thursday April 5 because of the Easter holidays in the United States and Europe.
"There is no activity in the US due to Easter and the expectations of scrap market price [movements] in April," a source close to pig iron suppliers told Metal Bulletin.In the US, the offer price for low-manganese pig iron was $425 per tonne cfr. That was close to $405 per tonne fob Black Sea, considering rough estimates of the freight rate. But that would be $5 per tonne higher than...