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...

Gold stocks decline on flat metal and mixed equities

Copper price expected to range from flat to slight gain in 2025

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains