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

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November 2019 | Steel Raw Materials

CIS pig iron output levels off but there is some incentive to increase production: Iron Metallics Market Analysis

Not only volumes, but also prices are at their lowest since the first half of 2017.

Merchant supply of pig iron from major producers in Russia and Ukraine levelled off in the third quarter, as our first chart alongside illustrates. Volumes by major suppliers, including Tulachermet, Metalloinvest, Metinvest’s Mariupol mills and Zaporizhstal, as well as Novolipetsk (NLMK), totalled 1.5 million tonnes of merchant pig iron (MPI) in the April-June period, broadly steady quarter on quarter and down by 15% year on year. The combined volumes in the last quarter and in the second quarter of this year were at the lowest levels since the first quarter of 2017....


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