Starting from the mid of January, due to stable iron ore prices globally, improved flat steel products buying rather than longs and firm Turkish hot rolled-coil prices, Black Sea origin Pig iron prices are constant.
A recent deal for Ukrainian February production Pig iron was heard to close at $4/MT lower i.e. $391/MT FOB Black Sea in comparison to the first deal of February output.
Though, Turkish scrap prices have fallen slightly, delayed deliveries of Pig iron from Sea of Azov due to problems in shipping and low yield as compared to scrap, have resulted for range bound Pig iron offers.
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