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Ukraine's pig iron export prices soar.
Issued at 2010-11-18
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Since most traders look up the steel market in the future, Ukraine's pig iron manufacturer has risen its export price for December to US$445~US$450/ton FOB, which is about US$10~US$15/ton higher than the confirmed deal price in two weeks ago.
Some buyers believe the pig iron price may get supports by limited the output of pig iron as one of Ukraine's pig iron manufacturers will maintained next January,
Meanwhile, Russia's pig iron mill has increased its export price to US$460~US$470/ton FOB from US$450/ton.
However, some traders expect the demand is not strong even though the pig iron price has kept rising in the past few weeks.
Source: Yeh Corp.
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