Exporters of CIS-origin pig iron have been focusing on the market in the United States, where demand is higher and prices are expected to rise, unlike in the Italian market where prices have reached a peak, sources told Metal Bulletin this week.
Metal Bulletin's export price assessment on Thursday March 22 for high-manganese pig iron from the CIS region widened to $370-395 per tonne fob Black Sea, from $375-390 per tonne fob Black Sea last week.Ukrainian steelmaker Metinvest sold 50,000 tonnes of high-manganese pig iron to the US at $415 per tonne cfr. That price was close to $395 per tonne fob Black Sea, considering traders' rough estimates of the freight rate. The deal was understood to have closed early this week.Current offers from the producer are...