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CIS export pig iron prices dip on cheaper scrap costs

Issued at 2017-03-25



Export prices for CIS-origin high-manganese pig iron have fallen over the past week, as Turkish buyers preferred scrap that has fallen in price while Italian consumers had sufficient stocks of pig iron.

Prices for low-manganese pig iron have remained largely stable over the past seven days. Import prices for USA- and Northern Europe-origin HMS 1&2 (80:20) in Turkey fell by $15 per tonne on Tuesday March 21 with news of a fresh deep-sea deal booked from Canada.

Baltic Sea, low-manganese Metal Bulletin’s weekly price assessment for CIS-origin low-manganese pig iron was $380-400 per tonne fob Baltic Sea on March 23, narrowing from $370-400 per tonne fob last week. Russia’s Tulachermet was heard to be still offering its low-manganese pig iron at $400 per tonne fob Baltic Sea. The workable price was assessed at $380 per fob by a trader.

 


Source: Metal Bulletin



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