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The decision was made following a one-month consultation period, which was initiated following the observation by Fastmarkets and market participants that exports of pig iron from the Baltic had slowed substantially.
Feedback during the consultation from one participant was that pig iron shipments from Russian Baltic Sea ports have indeed continued, although the volume of such shipments is minor.
The affected price is:MB-IRO-0001 Pig iron export, fob main port Baltic Sea, CIS, $/tonne
All short-term forecasts associated with this price produced by the Fastmarkets research team, if any, have also been discontinued.
If you have any comments on the discontinuation of this price please contact Marina Shulga by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Marina Shulga, re: Russia export Baltic Sea pig iron price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.