CIS PIG IRON: Market soft, but sentiment improves on stronger scrap

The export market for pig iron from the Commonwealth of Independent States was soft during the week to Thursday February 11, but sentiment improved in the middle of the week on stronger scrap.

Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $495-510 per tonne on Thursday, widening upward from $495-500 per tonne a week before.
"Buyers are rather bearish, but the coking coal market is firm, iron ore goes up, and scrap in Turkey [an indicator for the pig iron market] turned to growth in the last days, so I would say that the pig iron market looks better now," one exporter from Russia said.

Fastmarkets' daily index for...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps