27
May
09:59
Chinese demand supports Brazil`s pig iron prices
Higher Asian demand has lifted Brazilian pig iron prices, Kallanish learns from market participants. Levels have moved up by almost $15/tonne since the mid-May. The Brazilian market, however, continues to be restrained by the Covid-19 emergency.
“Brazilian pig iron prices rose as a result of increasing demand from China in recent weeks. The shortage of material, however, is expected to last until July,” a market participant says.
The Brazil…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous