Global pig iron market settled - for now - after disruptions in 2022 from war in Ukraine

The global pig iron market has undergone huge changes in trade flows and price trends caused by the war that was begun by Russia against Ukraine in February 2022, as well as the different approaches being taken by key buyers to the subsequent Western sanctions on Russia and the resulting reputational risks.

Ukraine and Russia were previously the two major suppliers of pig iron, but no further significant changes were expected by the market in the foreseeable future, unless the war should...


Marina Shulga

March 13, 2023

14:10 GMT