The market for pig iron exports from the Commonwealth of Independent States went down again in the week to Thursday April 2 on a weak global scrap market and higher competition in the Chinese market - the only outlet where demand exists.
Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $277-282 per tonne on April 2, down from $297-304 per tonne a week earlier."China is the only market where demand on pig iron exists, and a lot was sold there during the last 14 days, so competition in China grows," one trader said. "And what is...