The pig iron export market in the Commonwealth of Independent States (CIS) remained silent this week because of the new year holiday period, while buyers' mood remained bearish because of the weak scrap and final products markets.
Fastmarkets' CIS export price assessment for high-manganese pig iron was $340-345 per tonne fob Black Sea on Thursday January 3, narrowing downward from $340-350 per tonne a week before.One deal for Russia-origin material was heard at $365 per tonne cfr in the United States in late December. That would be close to $345 per tonne fob Black Sea. The deal could not be confirmed at the time of publication, however."Market expectations for January do not look...