Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for CIS basic pig iron decreased by $4/mt to $601/mt fob Black Sea on Wednesday amid weak demand in the global market.


Negotiations are slow in the CIS export pig iron market and firm bids are missing since most importers expect lower prices. US buyers, the key customers, particularly anticipate prices to fall to $600-625/mt cfr. Turkish importers stepped back due to holidays.


The weekly Davis Index for CIS pig iron in Italy declined by $5/mt to $655/mt cfr on Wednesday on muted trading. Sporadic negotiations did not result in deals.

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