How was this weeks international Pig Iron market?

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Steel mills in China hold domestic Pig Iron offers from the start of this week as buyers are not making purchases in large quantities.
Fluctuating prices of raw materials and semi finished products resulted for the above. Pig Iron availability is also less due to low output in the beginning of Oct.
Sellers in Tangshan quote prices at RMB 2,600-2,650/MT (Ex works prices including 17% VAT on cash payment).
Ukrainian exporters lifted offers by $5/MT to $355/MT FOB Black Sea as suppliers in Turkey raised scrap prices. Festive holidays in Turkey accounted for piled up stock and high prices.
Chinese Pig Iron market is likely to be more or less unchanged in terms of demand and prices in the coming week on shortage of raw materials.

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