Market strong on demand in China, resumed sales to Italy

Issued at 2020-08-10

The market for pig iron exports from the Commonwealth of Independent States (CIS) was strong during the week to Thursday August 7 amid further demand in China and new sales to Italy, sources said.

Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $322-326 per tonne on August 7, narrowing upward from $320-326 per tonne a week before.
Sales of Ukraine-origin pig iron were done to international traders, who had decided to restock, at $342-346 per tonne cfr, depending on the mill of production - equivalent to about $322-326 per tonne fob.