CIS PIG IRON: Price goes down as suppliers sell off stocks

The export price for pig iron from the Commonwealth of Independent States went down during the week to Thursday August 12 in new sales to neighboring markets.

Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS, at $540-560 per tonne on Thursday, down from $550-580 per tonne the previous week.
"The price will continue to go down until the CIS suppliers are sold out. For the moment, they still have a lot of unsold cargoes," one international trader said.

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