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."Fastmarkets'...