CIS PIG IRON: Market strong on further sales to China, low availability

The pig iron export market out of the Commonwealth of Independent States has been strong over the past week, with new sales to China amid low availability.

Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $350-355 per tonne on Thursday October 15, narrowing from $346-360 per tonne a week earlier.
Two sales of Russia-origin pig iron were reported to China at $388 per tonne cfr, which would be equivalent to about $352-355 per tonne fob due to different estimations of the freight rate estimates from market sources.

"Sales at this level is a good sign for the market, considering that...

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