CIS PIG IRON: Market dips on reduced demand, lower iron ore, scrap prices

Pig iron exported from the Commonwealth of Independent States (CIS) declined during the week to Thursday July 2 on lower demand from China and lower iron ore and scrap prices, sources told Fastmarkets.

Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $305-310 per tonne on July 2, down from $311-318 per tonne with no new deals heard.
"China was the only buyer in the market over the last few months and with a lower price and demand there the global market started to roll back," one trader said.

Market sources estimated the workable market level...

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