Black Sea pig iron market stays bullish on higher offers from mills

摘要

London—The Black Sea merchant pig iron market remained bullish in the week ending November 15. CIS suppliers stuck to their raised offers, but the market was interested in paying higher prices only for prompt shipment, sources said. S&P Global Platts' weekly pig iron assessment on Friday gained $6.50/mt to $300/mt FOB Black Sea. Russian-origin basic pig iron, 50,000 mt, was sold to the US at $325/mt CIF Mobile, several sources reported. This was a jump of at least $10/mt from the last deals done a few weeks ago. A couple of industry sources said the US buyer paid premium for prompt shipment, said to be end of November or beginning of December.