Brazilian export pig iron market positive on strong scrap, full order books

Sentiment in the export pig iron market from southern Brazil has remained positive this week on stronger scrap prices and full order books, sources told Fastmarkets on Friday October 18.

Fastmarkets’ weekly price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $272-275 per tonne on October 18, down slightly from $275-280 per tonne a week before.
Another sale of 60,000 tonnes of pig iron from the south of Brazil for November shipment was agreed to China at $272 per tonne fob.

Several traders said that Chinese buyers were interested in...


Marina Shulga

October 18, 2019

18:08 GMT