EU: Pig Iron demand is poor this week in EU because of enough stock available for up to mid of September. It might improve around the mid of next month due to some holidays in EU and also as many mills plan maintenance shut down.
In the first half of August, some demand is expected from Turkish buyers. Whereas, those in Italy look for $5-10/t discount presently.
Russia: Russia is offering Pig Iron to EU lower by $10/t at $460-465/t C&F western ports of EU ($440/t FOB ports of Black and Baltic Sea) as compared to last week.
Sellers offer some discount as prices increased by $30/t around the mid of the month.
Buyers are ready to purchase some material at $440-445/t C&F western ports of EU ($420 FOB ports of Black and Baltic Sea), which was being quoted in the beginning of this month.
Ukraine: Ukraine might offer Pig Iron higher by $10/t to EU following Russia, in the first week of August and by $15-20/t more to Turkey due to rising scrap prices.
Exports might be seen in good numbers only after the second week of next month to both EU and Turkey.
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