CIS PIG IRON: Export market up on more sales to US, low supply

The price paid for pig iron exported from the Commonwealth of Independent States (CIS) rose in the week to Thursday October 29 on a new sale to the United States and Asia amid low availability, sources said.

Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $355-360 per tonne on October 29, up from $350-353 per tonne a week earlier.
A sale of Russia-origin material with December shipment was done at $377 per tonne cfr to the US and despite the sale being done from the Baltic Sea it still indicated the general market level, which means that if the sale was done from the Black Sea it would be about $357 per tonne fob.
Another sale of material from Russia was heard done to Taiwan at $392 per tonne cfr, sources said.

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