As of the latest update, the price of iron ore stands at $120/t CFR, a notable adjustment from the previous range of $130-140/t CFR observed in January.
Anticipating the need for flexible pricing strategies, suppliers are increasingly inclined towards offering discounts as a means to stimulate current sales. This strategic shift suggests a proactive approach aimed at sustaining market momentum amidst changing demand patterns.
For buyers based in the USA, the pricing outlook for pig iron, slated for production in March-April, is estimated at $475/t CFR.
In contrast, pricing for European and Turkish markets remains relatively stable, with pig iron prices hovering between $460-470/t CFR and $455-460/t CFR, respectively.
Comments
No comment yet.