The export market for CIS-origin pig iron has shown signs of falling due to the weakening scrap market, sources have told Metal Bulletin.
"The scrap price in the US domestic market is likely to go down in May," a trader said. "But what is more important now is that the scrap price in Turkey is falling - that is a strong indicator for the pig iron market."Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $365-390 per tonne fob Black Sea on Thursday April 19, down from $370-400 per tonne fob last week.A deal for Ukraine-origin pig iron was heard in the United States...