It is reported that pig iron transactions in the CIS remain stagnant, with its price mired in incertitude due to the falling pig iron price in the EU and lower purchase levels from East Asia.
Its current price is USD 230 per tonne having dropped by USD 60 per tonne compared with last month. One trader said that the pig iron price to Italy was around USD 250 per tonne to USD 270 per tonne, but the CIS said that the transactions do not happen at that price as buyers are bidding at USD 250 per tonne.
Trader said the possible price is estimated at around USD 280 per tonne, depending on the quantity.