This will compel Brazilian and Russian pig iron suppliers to look for new markets for their exports.
US merchant pig iron imports will decline by 17% year-on-year to 3.5 million tonnes in the full 2013 year, MBR believes. This drop will come largely on weaker domestic crude steel production, driven by subdued domestic consumption of finished steel.
Merchant pig iron imports into USA (million tonnes)
Source: ISSB. Figures for 2013, 2014 estimated.
US mill shipments slipped by 4.1% year-on-year during the first seven months of 2013, while crude steel output was almost 4% lower for the year to mid-September,...