Export prices for pig iron from the Commonwealth of Independent States rose further in the week to Thursday May 6 due to the bullish sentiment of suppliers and strong markets in the supply chain.
Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $575-590 per tonne on Thursday, up from $555-565 per tonne a week earlier."Pig iron prices are dependent on upstream and downstream markets," one exporter from Russia said. "While we sell semis and final steel products at high prices and iron ore continues to hit new records, pig...