Italian pig iron prices are expected to decline in upcoming contracts. Several buyers are preparing to place orders for delivery in December and January, particularly distributors and traders who report reduced inventories. The volume of imported pig iron from Russia will be limited by a smaller EU quota in 2025, prompting customers to seek alternative sources.
Recent transactions with Russian producers have been within the range of $410-420 per ton, but future deals are anticipated to fall between €380-400 per ton. This trend reflects the challenging market conditions faced by Italian foundries, many of which are operating at reduced capacity and experiencing financial difficulties.