Demand for Brazilian pig iron rises on likely supply reduction

Demand for pig iron exported from Brazil improved during the week ended Friday November 9 because of an expected reduction in supply when the rainy season starts.

Fastmarkets’ weekly price assessment for pig iron exports from the south-eastern Minas Gerais region on November 9 was $346-348 per tonne fob, down from $350 per tonne in the first change in price since late September. A supplier in southern Brazil sold 30,000 tonnes to the United States at around $346...

Published

Marina Shulga

November 09, 2018

14:30 GMT

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