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

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December 2018 | Steel Scrap and Metallics Forecaster

CIS pig iron market under pressure but expected to get support: CIS Market Analysis

Narrow sales margins may be discouraging CIS pig iron producers from exporting the product.

Merchant pig iron (MPI) has become increasingly competitive in 2018, especially in the second half of the year, compared with both ferrous scrap and hot-briquetted iron (HBI). As the first chart alongside illustrates, the MPI premium over and above domestic prime scrap in the major pig iron import market of the United States turned into a discount in the fourth quarter for the first time in at least four years on a quarterly basis. On a weekly basis cfr Gulf pig iron prices have been at a discount to busheling #1 in Alabama since early...


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