04
Aug
12:00
International market pressures Brazil’s pig iron prices
Brazilian pig iron export prices are under pressure in line with the weakening global raw materials markets. Local manufacturers, however, refuse to accept lower bids while struggling to maintain normal levels of activity, a source tells Kallanish.
“North American buyers are trying to secure material at $400-405/t fob. Deals, however, have not still been confirmed at this price,” one market player comments. “This is almost $30/t below the level …
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Anonymous
Very good overview of the weekly steel market.
Anonymous