Venezuela’s HBI price falls on weak scrap market

The export price for hot-briquetted iron (HBI) from Venezuela fell on Friday August 10 following a scrap price drop worldwide.

Venprecar, one of two producers currently operating in th South American country, has entered the market with an HBI offer close to $240-245 per tonne fob, sources told Metal Bulletin. So Metal Bulletin’s weekly price assessment for Venezuelan HBI exports fell to $240-245 per tonne fob on August 10. The earlier price of $295-300 per...


Marina Shulga

August 10, 2018

20:23 GMT