Resumed pricing for Russia/Ukraine pig iron

Fastmarkets has ended a temporary pricing suspension on US pig iron basic grade, Ukraine/Russia, fob New Orleans, effective Monday May 23, following confirmation of recent sales.

Pricing was temporarily suspended on March 14 due to a complete halt in sales due to the Russia/Ukraine war.

The specification of the affected price is as follows:

MB-IRO-0079
Assessment: Pig Iron basic grade, Ukraine/Russia, fob New Orleans
Quality: Russian/Ukrainian Pig Iron is cold iron cast into ingots, originating in Russia or Ukraine and sold as ferrous feedstock, featuring 3.5-4.5 percent carbon, less than 1.5 percent silicon, 0.5-1.0 percent manganese, less than 0.05 percent sulfur and less than 0.12 percent phosphorus.
Quantity: 1,000-70,000 tonnes
Location: fob on barge New Orleans
Unit: USD/tonne
Publication: Weekly. Monday, by 4pm US East Coast time

Fastmarkets’ Price Tracker and database have been updated to reflect this change.

For more information or to provide feedback on this notice, or if you would like to provide price information by becoming a data submitter for the price, please contact Sean Barry by email at pricing@fastmarkets.com. Please add the subject heading: Please add the subject heading: “FAO: Sean Barry, Re: Pig Iron.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets has corrected its AG-UCO-0010 Used cooking oil, cif Amsterdam, Rotterdam, Antwerp price, which was published incorrectly on December 15.
The following prices were affected: MB-STE-0007 Steel hot-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0005 Steel cold-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0006 Steel hot-dipped galvanized coil domestic monthly, exw Brazil, reais/tonne MB-STE-0008 Steel reinforcing bar (rebar) domestic monthly, delivered Brazil, reais/tonne These prices are a part of the Fastmarkets steel package. For more information or to provide […]
Fastmarkets proposes to discontinue the following duplicate prices, which were previously assessed on a US timestamp and also assessed in Asia, to better reflect observed market liquidity and based on previously received market feedback. Fastmarkets assessed these markets in both the US and Asia following the acquisition and merger of The Jacobson and Palm Oil […]
Fastmarkets has proposed several changes to the methodologies for its suite of global palm and lauric oil methodologies to give more insight into how these prices are assessed. It is also clarifying the timing and monthly rolls of several assessments. Fastmarkets has observed growth and market interest in these prices and wishes to give more […]
Fastmarkets proposes to amend the pricing frequency of its copper grade A cathode premium, delivered Germany; copper grade A cathode premium, cif Leghorn; and copper EQ cathode premium, cif Europe to one a week from the current fortnightly basis, effective December 30.
The following prices were affected: MB-STE-0916 Green steel domestic, differential to US HRC, fob mill, $/short ton MB-STE-0917 Green steel base price, hot-rolled coil fob US mill, weekly inferred, $/short ton These prices are a part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price or if […]