Export pig iron prices from Black Sea soften on weaker market fundamentals

The export pig iron market from the Black Sea area softened again in the week ended Thursday November 11 on weaker market fundamentals, sources have told Fastmarkets.

Fastmarkets' price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $520-540 per tonne on November 11, narrowing downward from $520-545 per tonne a week before.
"Iron ore prices are weak, the Chinese market is depressed, and the steel market in Turkey doesn't look strong. All of these factors put pressure on the market and buyers become more and more pessimistic," one trader said.

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