CIS PIG IRON: Market drops on oversupply, short lead times

The export market for pig iron from the Commonwealth of Independent States dropped during the week to Thursday August 5 on oversupply and short lead times.

Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $550-580 per tonne on Thursday, down from $570-590 per tonne the previous week.
The market level in the United States, which is the main pig iron buyer and the only outlet that can consume large volumes, dropped once a booking of Brazilian material was done there at $586 per tonne cfr.

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