Trading activity has rebounded in the export market for pig iron from the Commonwealth of Independent States after a long silence in key outlet regions for the product.
"The market is still rather quiet, but buyers have started to show an interest in new purchases," a trader told Metal Bulletin on Thursday May 17.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $360-385 per tonne fob Black Sea on May 17, stable week on week.Prices in the United States, the key market for exports of CIS-origin pig iron, remained soft on weaker scrap prices in May.Sources close to CIS pig iron producers estimated the market at $405-410 per tonne cfr...