Steel Products Prices North America
March 13, 2022
CRU: Pig Iron in Short Supply as Buyers Search to Replace Russian Exports
Written by CRU Americas
By CRU Research Analyst Christopher Dix and Analysts Diego Giangreco and Tiago Vespoli, from CRU’s Steelmaking Raw Materials Monitor, March 10
Pig iron prices have increased following disruption to CIS supply. The global pig iron market is short of supply as Russian exports are difficult to replace. Black Sea freight options are now very limited, meaning the ability of Ukraine to participate in global iron ore and ferroalloy trade is now heavily restricted. Energy prices have increased due to market uncertainty and sanctions, leading to a doubling of European thermal coal prices in a little over a week.
