Export prices for pig iron from the Commonwealth of Independent States (CIS) increased on reduced availability, sources told Fastmarkets this week.
Fastmarkets' weekly price assessment for CIS high-manganese pig iron exports, fob main port Black Sea was $335-340 per tonne on Thursday July 11, up from $325-335 per tonne a week earlier."[Ukraine's] Metinvest cut availability due to lack of raw materials, [and Russia's] Metalloinvest also reduced volumes of merchant pig iron [due to] testing a new[flexible modular furnace] (FMF) and losses in pig iron market [due to high iron ore prices]," a source from Russian pig iron producer Tulachermet told Fastmarkets. "We also cut availability of pig iron due to hot trials of steelmaking equipment," he added. Russia's Novolipetsk Steel (NLMK)...