May 2012 | Steel Raw Materials
CIS pig iron prices slip: Iron Metallics Highlights
Monthly imports of pig iron by the USA from Brazil increased 6.5% month-on-month in March.
Pig iron price slipped in both CIS regions last week, falling $5/tonne for ex-Baltic Sea material to $472.50/tonne FOB and $5/tonne to $437.50/tonne FOB for ex-Black Sea pig iron. The markets have seen prices dip on weak buying activity in the eurozone. These prices falls have not been mirrored in EU import prices however, which have climbed slightly, but remain rangebound around the $480/tonne CFR mark. Chinese domestic prices are...
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