03
Jun
13:13
Brazilian pig iron market sees low demand
The Brazilian pig iron market remains at a standstill due to no availability of material for export and persisting low local demand. Most mills are planning to cut production during the winter, according to market participants.
Pig iron prices fell some $5-10/tonne in recent weeks. These are now at $320-325/t fob Brazil.
Market participants estimate the current situation will last until late September, because of volatility in interna…
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Anonymous
Very good overview of the weekly steel market.
Anonymous