Pig Iron market for Russia & Ukraine is quite this week as no trading concluded but the CIS offer are increased by USD 5 to 385-390/MT FoB Black Sea because of increase in Scrap price and high freight charges.
Italy is offering Pig Iron at around USD 415-420/MT CIF, Turkey is offering at USD 410-412/MT CFR Marmara. Source said, “Very less trading is expected this month of December”. As well increasing freight charges and the Scrap prices affecting the Pig Iron prices in CIS region.
Russia is not selling the basic grade Pig iron and the demand from US was dried this week, as last week US purchased sufficient amount of basic grade Pig Iron and now concentrating on Scrap market for further requirements.
Ukraine Finished Steel production is decreased by 0.1% to 26.6 MnT in Year 2013 till November. While the Pig Iron production in Ukraine is increased by 1.8% to 26.6 MnT Y-o-Y bases, according to the data released by Ukraine’s Cabinet of Ministry.
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