The export market for pig iron from the Commonwealth of Independent States was re-activated during the week ended Thursday October 4 with new deals being heard in Italy and Western Europe.
At least one deal was done to Italy at $385-388 per tonne cfr, breaking a long-lasting silence in the market. That price would be close to $360-363 per tonne fob Black Sea, considering rough estimations of the freight rate."The scrap price in the United States seems to have started to rise. This means that mills will be able...