China pushes Black Sea pig iron market upward

摘要

London—Black Sea merchant pig iron prices received a boost from the bullish Chinese market in the week ended Friday, several sources said. S&P Global Platts assessed its weekly pig iron price at $295/mt FOB Black Sea, up $5/mt on week. May has been an active month in the CIS pig iron trades with a number of sales inked in the US market earlier in the month followed by the Chinese business more recently. The price has recovered $17.50/mt since the start of May.