Venezuelan HBI prices down on weak demand, scrap oversupply

Export prices for Venezuelan hot briquetted iron (HBI) fell recently and are set to fall further as a consequence of a weak, scrap-overloaded international market.

Prices are now $275-295 per tonne fob, down from $290-310 per tonne, sources from local producers and USA-based trading companies told Steel First late on Thursday May 16.
“We’re negotiating at about $275-280 per tonne fob for our next sale,” a source from HBI producer Venprecar said.



Juan Weik

May 17, 2013

19:41 GMT

São Paulo