July 13-26 saw export prices for Ukrainian pig iron fall by 10%, to $235-245 per ton FOB Black sea, down by 38% YoY.
“Pig iron manufacture is low on the world markets. It seems that importers are in no need to resupply their stocks”, said the state enterprise Derzhzovnishinform expert Vadim Odarenko.
As of the second decade of July leading metal companies decided not to contract raw materials due to high stocks, made in advance.
Due to vague rolled steel market development prospects, the price uncertainty holds back the raw segments increase and doesn’t leave suppliers any hope as to the market restoration.
Taking all this into account, imported pig iron offers decreased by $10-15 per ton to $265-270 per ton C&F. (Ukrainian Metal)