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CIS export pig iron price rises supported by other raw materials

Issued at 2016-11-19



Export prices for CIS-origin pig iron reached new heights this week, supported by the continuing robust pricing of other raw materials, sources told Metal Bulletin on Thursday November 17.

However, as the Chinese market has shown some signs of weakening over the past seven days, the higher offers were called into question by the buyers. Turkish import scrap prices have been rising intermittently since late September and have reached their highest point since late May. 

Meanwhile, iron ore import prices in China moved up to their highest levels for two years before correcting downwards this week. And the country’s coking coal import prices have more than tripled since the beginning of the year to reach their highest level since October 2013, when Metal Bulletin started to assess the market. In high-manganese pig iron, Ukraine’s Donetskstal (DMZ) was offering material for late November-December production at $320 per tonne fob Black Sea this week – up from $280-285 per tonne fob for October tonnages.


Source: Metal Bulletin



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