Last week Ukrainian export quotations for steelmaking pig iron decreased by 15%, to $155-160 per ton FOB.
Still European buyers demand additional discounts and see the price of $150 per ton FOB as suitable.
Many market players fear the further price fall.
“In the first half of November steelmaking pig iron world market showed contract price fall, while neighboring markets of raw materials saw some improvement. This will positively affect prices in the nearest future. But large buyers are reluctant to buy pig iron, due to considerable stocks and difficulties of selling scrap”, says the state enterprise Derzhzovnishinform expert Vadim Odarenko. (Ukrainian metal)