Brazilian pig iron export price down on weak scrap market

The Brazilian export price for pig iron has fallen over the past week on poor sentiment among buyers due to weakness in the scrap market, sources told Fastmarkets on Friday August 30.

Fastmarkets’ weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil was $310-320 per tonne on Friday, down from $325-327 per tonne last week.

Sources from the buy side estimated a workable market level at $305-310 per tonne fob. This is a decline from the latest deal price, which was at $325-327 per tonne fob, due to the weak...

Published

Marina Shulga

August 30, 2019

18:35 GMT

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