Prices for pig iron have reached the bottom in opinion of market players, that’s why growth of quotations is expected next month. Currently purchasing activity in Europe and Middle East is low as majority of steel companies either have a rest (as in Europe) or prepare for Ramadan.
In the end of July Ukrainian pig iron was sold by $405-415 per ton FOB Black Sea. CIF Europe quotations are $420-430 per ton. Russian material is stable as well: $420-430/t FOB or $450-460/t CIF. Hematite pig iron used in castings production is offered for $530-540 per ton.