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CIS pig iron prices stay flat despite higher offer prices

Keywords: Tags  pig iron, prices, CIS, Ukraine, Russia, iron ore index, ferrous scrap index, basic pig iron low-manganese pig iron

LONDON — Export prices for pig iron from Ukraine and Russia held steady while producers continued to push up offers, market participants told AMM sister publication Steel First Aug. 15.

Russia-origin basic low-manganese pig iron stood unchanged week on week at $430 to $435 per tonne f.o.b. Baltic Sea.

Ukraine-origin basic pig iron was also unchanged at $385 to $395 per tonne f.o.b. Black Sea.

Offer prices for Ukrainian basic material were heard at $390 to $393 and $396 per tonne f.o.b. Black Sea, and $420 per tonne c.i.f. Italy, but Steel First heard no concluded deals.

Offer prices for Commonwealth of Independent States (CIS)-origin pig iron have continued to increase on higher iron ore and scrap prices, but traders were uncertain whether higher CIS offer prices can stick.

AMM sister publication Metal Bulletin’s 62-percent iron ore index stood at $142.50 per tonne c.f.r. Qingdao, China, Aug. 15, compared with $136 per tonne Aug. 8.

Metal Bulletin’s daily ferrous scrap index for HMS 1&2 (80:20) increased to $370.47 per tonne c.f.r. Turkey Aug. 8, up from $369.33 per tonne the previous week.

A version of this article was first published by AMM sister publication Steel First.

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