CIS PIG IRON: Market waits for clarity on effects of Russia export tax

The export market for pig iron from the Commonwealth of Independent States was muted during the week to Thursday July 1 because both buyers and suppliers preferred to wait for the result of Russia's export duties on supply to become clearer.

Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $610-630 per tonne on Thursday, narrowing downward from $610-635 per tonne a week before.
No offers from Russian suppliers were heard over the week from Black Sea.
"We expect that we will have available pig iron for export with shipment after August 1," one supplier from Russia said. "For the moment we do not have any exact offer and prefer to evaluate the situation."

The supplier was referring to Russia's temporary duty on exported pig iron of 15%, but not less...

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