Venezuelan HBI export prices expected to rise in January

Export prices for hot briquetted iron (HBI) from Venezuela are expected to increase in January following a steep fall over the past three months, market participants said.

Most deals for December shipment were closed in the range of $310-340 per tonne fob, while for January, prices are likely to reach $320-360 fob, depending on the producer and the product quality, sources told Metal Bulletin.
These levels are down a long way on deals agreed at as much as $420 fob in September.

“We sold at $310-315 per tonne for...


December 29, 2011

02:22 GMT