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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2018 | Steel Scrap and Metallics Forecaster


Modest price recovery expected in the CIS pig iron market as exports are set to slide: CIS Market Analysis


Although the US remains the major importer of MPI globally and de facto drives the international market sentiment, CIS exporters appear to have started to diversify their sales this year after focusing heavily on the North American market through last year.

While the latest trade data is available only till July, production results show lower output through the third quarter at major merchant pig iron (MPI) producers. Combined output from key MPI sellers in Russia and Ukraine last quarter continued to decrease quarter on quarter from a peak in January-March 2018, but also fell year on year for the first time since the first quarter of 2017 (see chart). The output at four major MPI producers and exporters totalled 1.52 million tonnes, down by 7% year on year....

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