Exporters of Commonwealth of Independent States (CIS)-origin pig iron have held high prices on low material availability, while buyers are in wait-and-see mode amid high stocks.
"Mills are sold out till March, thus they can offer [a] high price and wait until some buyer will accept it," one trader told Metal Bulletin. Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $360-380 per tonne fob Black Sea on Thursday January 18, decreasing by $10 per tonne on the lower end due to buyers' pessimistic mood. Offers from all CIS suppliers are coming at the same level: $400-405 per...