March 2019

US PIG IRON: Buyers accept higher pig iron prices

Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkest has learned.

Brazilian pig iron exporters bullish on long lead times

Brazilian pig iron exporters were bullish this week because of long lead times for material from the south of the country, and resumed sales to the United States from the north of Brazil, Fastmarkets learnt during the week ended Friday March 15.

CIS PIG IRON: Market strengthens on resumed sales to US

The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened on resumed sales to the United States, which is the key outlet, Fastmarkets was told on Thursday March 14.

Unirol raises rebar capacity, launches 'Made In Bahrain' labeling

Bahraini rebar producer Unirol last week increased its rebar production capacity to 275,000 tonnes per year from 175,000 tpy with the launch of a new unit, a company executive told Fastmarkets on Monday March 11.

CIS PIG IRON: Market sentiment improves on better scrap price in US

Sentiment in the market for pig iron exports from the Commonwealth of Independent States (CIS) has improved because of higher scrap prices in the United States, which is the key outlet, and lower material availability, Fastmarkets learned during the week ended Thursday March 7.

China’s domestic stainless steel prices keep rising on nickel gains, increased demand

Domestic stainless steel prices in China maintained their upward trend over the past week on higher nickel prices and strengthening demand.

US, Brazilian pig iron prices largely stable on high costs, weak trading

Pig iron prices in Brazil and the United States were stable for the week ended Friday March 1 due to weak trading and different price expectations among buyers and sellers.

Evraz continues to modernize NTMK

Evraz, one of the largest Russian steelmakers, continues to modernize its Nizhniy Tagil Iron and Steel Works (NTMK) to reduce production costs and the burden on the region’s ecology.

CIS PIG IRON: Export prices remain stable

Export prices for pig iron from the Commonwealth of Independent States (CIS) remained stable over the week, while suppliers seek a price rise in the United States, sources told Fastmarkets.