The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) remained unchanged at $481.25/mt cfr on Thursday with the market breaking for the holidays.
Turkish mills are expected to be active early next week and inquiries for cargoes from Asian countries are also rising. Market participants expect the first two weeks of 2021 to be fairly hectic as mills book supply for February and March.
No new deals for CIS pig iron
The weekly pig iron Davis Indexes were also unchanged on Thursday following a quiet holiday week. No new deals were confirmed in the market after last week’s sale at $557-570/mt cfr New Orleans. For US mills booking material off these cargoes, final delivered mill prices have now breached $600/mt once logistics and inland transportation costs are factored in.
The Davis Index for basic pig iron fob Black Sea held at $538/mt this week and was flat at $560/mt cif Italy. The Davis Index for basic pig iron fob Brazil was also unchanged at $549/mt.