Brazilian pig iron export prices soften on weak real, low home demand

Export prices for pig iron from Brazil softened during the week ended Friday March 20 because of the weakness of the country’s Real and lower demand in the domestic market.

Fastmarkets’ weekly price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $315-320 per tonne on Friday, down from $320-325 per tonne a week before.
“A weak Real supports pig iron producers, which are focusing on exports now, so prices in dollars are likely to reduce,” one trader said.

The Brazilian currency was trading...


Marina Shulga

March 20, 2020

17:55 GMT