Producers of Pig iron
based in Ukraine have lowered prices in April last week, looking at quite
weak demand from consumers of Pig iron.
On April 17, prices that were
quoted at $398/MT, have dropped to 383/MT FOB Black Sea on factors such as:
Low demand for flat products
Cheaper substitute available – Scrap
Sufficient stock (Pig iron) available with importers
Consumers running mills at low capacity i.e. 60-65%
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