Brazil's pig iron export price rises on long lead times, high iron ore prices

Export pig iron prices from Brazil have gone up due to mills being sold out until April, while iron ore costs have increased following an incident at one of Vale's mines in Brazil, Fastmarkets was told on Friday February 8.

Fastmarkets’ weekly price assessment for pig iron exports from the southeastern Minas Gerais region was $316-325 per tonne fob on February 8, increasing from $310-316 per tonne fob per tonne fob a week ago. “Basic pig-iron producers are in no hurry to sell now because they only have material available for April shipment. So they will prefer to wait until the end of the holidays in China to see where...

Published

Marina Shulga

February 08, 2019

17:30 GMT

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