The export price for pig iron from the Commonwealth of Independent States (CIS) fell in the week to Thursday March 25, although the drop was capped by steady supplier offers, sources said.
Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $520-530 per tonne on Thursday, down by $10 per tonne from $530-540 per tonne a week before."Other raw material prices [iron ore and scrap] are dropping, that put pressure on pig iron [so] it's price must decrease as...