CIS PIG IRON: Falling scrap costs drag pig iron prices down

By Marina Shulga / August 02, 2018 / www.metalbulletin.com / Article Link

The pig iron export market in the Commonwealth of Independent States has softened on falling scrap prices, sources told Metal Bulletin on Thursday August 2.

Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region went down to $380-390 per tonne fob Black Sea on Thursday, from $390-395 per tonne the week before."The scrap price has fallen dramatically in Turkey.No one will pay $70 [per tonne] more for pig iron than for scrap," one trader told Metal Bulletin.The price for HMS 1&2 (80:20) scrap from the United States has slipped further. Metal Bulletin's daily index for such...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok