CIS PIG IRON: Market muted on inactive suppliers

October 09, 2021 / www.metalbulletin.com / Article Link

The export pig iron market from the Commonwealth of Independent States was quiet during the week to Thursday October 7, mainly due to the inactivity of suppliers.

Fastmarkets assessed high-manganese pig iron, export, fob main port Black Sea, CIS at $490-510 per tonne on Thursday, narrowing downward by $5 from $490-515 per tonne the previous week.
"The market has been quiet but is getting hot because there is an evident shortage in the market due to significant sales to China and reduced supply from the CIS," one supplier said.

"We reduced production due to the lack of coking coal supply. The push effect from the costs side is huge - coke and gas prices are skyrocketing - and we...

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