Sentiment in the market for pig iron exports from the Commonwealth of Independent States (CIS) has improved because of higher scrap prices in the United States, which is the key outlet, and lower material availability, Fastmarkets learned during the week ended Thursday March 7.
Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $340-345 per tonne fob Black Sea on March 7, up by $5 per tonne week on week."Negotiations are still continuing and no new deals have been done yet, although the scrap price has gone up in March. That will help us to get a better pig iron price [in the US]," one supplier from the CIS told Fastmarkets.The price for No1...