CIS PIG IRON: Buyers hold back, expecting further price falls

The export prices for pig iron from the Commonwealth of Independent States dropped during the week to Thursday January 28 on a bearish mood among buyers, sources have told Fastmarkets.

Buyers preferred to hold back from making new deals until scrap prices settle and they can have a clearer price idea for pig iron, market sources said.
Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $500-520 per tonne on January 28, down by $35-40 per tonne from $540-555 per tonne fob a week earlier.

The assessment was based on "acceptable" prices reported by...

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