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Pig iron prices in Black Sea ports fall to their lowest since 2020

17,2025 07:00 AM

Pig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has been observed since early December 2024, and it deepened in January, when prices fell to $322-325/ton FOB. This was the result of a number of economic and political factors that affected trade dynamics and demand for pig iron.

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