No activity was reported in the global pig iron market over the past week, because buyers in the United States and Europe - the key outlets - left the market for end-of-year holidays, as did exporters from Brazil; the holiday period for suppliers from the Commonwealth of independent States will start next week.
Pig iron sentiment remained pessimistic due to weakness in final steel product markets in key outlets as well as sluggish scrap prices. "We finish this year with silence from the all markets, and all activity is expected once [the] holidays are over," one pig iron exporter from the CIS region told Fastmarkets.Fastmarkets' CIS export price assessment for high-manganese pig iron stood at $340-350 per tonne fob Black Sea on Thursday December 27, narrowing downward from $340-355 per tonne a week before.Meanwhile, the CIS export price assessment for low-manganese pig iron went down by $5 per tonne week on week, to $375-380 per tonne fob Baltic Sea on December 27. Tulachermet - the largest global pig iron supplier and the only exporter that ships from the Baltic Sea...