The state enterprise Ukrpromvneshexpertisa forecasts that pig iron prices will continue growing influenced by the expected growth of scrap price.
By the end of November the rolled metal trade will have revived, which will allow exporters to increase prices. The forecast range of prices for November is $320-370 per ton FOB.
In October negative trends on the scrap market decreased pig iron prices. Until the third decade of October pig iron prices have been falling on the basis of a high supply from CIS traders who have been trying to sell out their stocks. As the result, pig iron prices decreased by $10-20. (Ukrainian metal)