CIS PIG IRON: Market down despite resumption in sales to China

March 27, 2020 / www.metalbulletin.com / Article Link

The market for pig iron exports from the Commonwealth of Independent States (CIS) was much reduced in the week to Thursday March 26, sources told Fastmarkets, despite a resumption of sales to China.

"Industrial activity has rebounded rapidly there and pig iron demand has been boosted," one exporter from the CIS said. "The price [in dollars] has reduced, but the devaluation of the Russian rouble has neutralized the drop to some extent."
The US dollar was trading at $1 to 78.23 roubles on March 26. On March 1, it was $1 to 66.77 roubles, according to exchange rate website Oanda.com

Fastmarkets'...

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