CIS Pig Iron prices  further increase by about USD 2.5/MT after an increase of about USD 5/MT last week.

Pig Iron demand in Russia & Ukraine is up which led to an increase in the  price of Pig iron to about USD 390/MT FOB Black Sea.

A Russian exporter said there was an increase in demand for higher grade Pig Iron. Pig Iron enquiries from the Italian buyers were increased but the current trading is going on at same price of USD 415/MT CFR.

CIS Pig iron offers increased in the last two week because of increasing demand, rise in freight charges as well as gain in scrap price. US shows its interest in the Purchase of Pig iron with the upturn in scrap and hot rolled coil prices.

Turkey shows Y-o-Y 38% decrease in Import of Pig Iron in first 10 Month of 2013 and an increase of 6.11% M-o-M. The major import by Turkey was done from Ukraine followed by Russia and South Africa according to the data released by Turkish Statistical Institute (TUIK).

Brazilian Pig Iron output down by 2.5% in first 11 month of 2013.