Export prices for pig iron from the Commonwealth of Independent States decreased during the week to Thursday February 4 on a bearish mood among buyers, sources have told Fastmarkets.
Market participants expected there to be further price decreases.
Fastmarkets' weekly price assessment for high-manganese
pig iron, export, fob main port Black Sea, CIS, was $495-500 per tonne on Thursday, down by $5-20 per tonne from
$500-520 per tonne fob a week earlier.
The assessment was based on transactions heard at $500 per tonne fob to the European market and the upper end of achievable prices evaluated by market sources at $480-495 per tonne fob Black Sea.
Negative sentiment among buyers has been driven by declining ferrous scrap prices.
Fastmarkets' daily index...