News
Buying activity at CIS pig iron market is sinking before winter holidays. Almost all exporters have sold December pig iron. Most of Russian mills offer January material, Tulachermet offers early February production. The mill has to reduce scheduled pig iron production by 10% and to postponed some shipments due to coke quality change to worse in November-December. The biggest Ukrainian pig iron producers offer late January material. Besides DMZ and ArcelorMittal Kriviy Rih have small volumes of December production material unsold, MMI estimates. ...
CIS pig iron market stays calm two weeks in a raw. Bids prices continued to soften due to high stocks in Italy and Turkey. Another reason for lower bids is uncertain situation with finished products and scrap prices. Besides, nominal bids in the USA slipped to ...
Export CIS pig iron market remains fairly flat over this week. Offer prices for both Russian and Ukrainian material remain steady. No deals were concluded due to slow buying activity.
CIS pig iron export prices keep increasing in early November, suppliers are not in hurry to sell, expecting pig iron to rise further. The latest contracts was signed at the end of October with Italian buyers at ...
CIS pig iron suppliers have continued to increase offers amid uptrend in the raw materials (scrap), Turkey’s local billet segments and also owing to higher production cost. Exporters reportedly continue to eye sales to the EU and Turkey, considering a bids difference with consumers from USA. Demand and pig iron prices may pick up in November in the US, to make this market more attractive to CIS exporters...
Business activity in the major outlets for CIS pig iron is extremely weak in the first week of October amid big gap between offers and bids. Importers insist on discounts due to low scrap price compared to pig iron. Another reason is weakness in flats products segment in USA. If Italian buyers show some interest in pig iron offers, USA and Turkish mills are mostly in wait-and-see stand. Despite the fact that, decline in scrap prices at Turkish market has slowed down, the spread between deal scrap prices and nominal pig iron prices is more than... Read more inside
As expected, at CIS export pig iron market trading companies are the only one who is interesting in buying. In the USA market activity is equal zero and demand in Turkey and Italy is extremely low. Despite the slight growth scrap prices, difference between pig iron and scrap quotes is still high and customers prefer to purchase scrap...
Business activity in the major outlets for CIS pig iron is extremely weak in the first week of October amid big gap between offers and bids. Importers insist on discounts due to low scrap price compared to pig iron. Another reason is weakness in flats products segment in USA. If Italian buyers show some interest in pig iron offers, USA and Turkish mills are mostly in wait-and-see stand. Despite the fact that, decline in scrap prices at Turkish market has slowed down, the spread between deal scrap prices and nominal pig iron prices is more than $20/t in some outlets, that is higher than usual...