CIS PIG IRON: Prices stable while market waits for clearer direction

By Vlada Novokreshchenova / February 08, 2018 / www.metalbulletin.com / Article Link

CIS export pig iron prices were mostly stable in the week ended Thursday February 8 while the market waited for clearer trends to emerge in raw materials, scrap in particular.

Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $350-375 per tonne fob Black Sea on February 8, unchanged week on week.A cargo of Russian material was heard sold to the United States within the range of $390-395 per tonne cfr. This price was close to $370-375 per tonne fob Black Sea, considering rough estimations of the freight rate.Meanwhile, a cargo of pig iron from Ukraine's Metinvest was heard booked in Italy late last...

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