South Brazil pig iron export prices remain weak on scrap, iron ore uncertainty

Export pig iron prices from the south of Brazil remained weak on uncertainty in both the scrap and iron ore markets, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for pig iron exported from the south-eastern Minas Gerais region of Brazil was down $5 at $310-315 per tonne fob on Friday July 12.

After the assessment was published two sales were heard done at $315 per tonne fob late last week to the United States and Mexico - in line with the latest sales of pig iron...

Published

Marina Shulga

July 16, 2019

13:20 GMT

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