Export prices for pig iron from the Commonwealth of Independent States have weakened again because of low demand in key markets, sources have told Metal Bulletin.
Trading activity was also affected by May Day public holidays in Europe and the CIS region.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $365-385 per tonne fob Black Sea on Thursday May 3, narrowing downward by $5 per tonne from $365-390 per tonne fob Black Sea a week earlier."[The price of] scrap has started to rebound but, for the moment, the pig iron market is not ready to follow the increase," a trader told Metal Bulletin.From March 29 until April 26, Metal Bulletin's ferrous scrap index...