16
Sep
16:01
US breaks pig iron hiatus, others continue observing
US buyers' ongoing resistance to book Brazilian material at offer prices was unexpectedly broken last week, with three cargoes booked at offer price level.
Three Brazilian cargoes – of 55,000 tonnes, 50,000t and 35,000t – were sold at $450/tonne fob, the level Brazilian suppliers held for almost two months, for October-November loading. Freight for larger lots is estimated at $35-40/t, and for the smaller lot at $45-50/t, according to tra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous