December 2019

CIS PIG IRON: Market finishes 2019 on uptrend

The uptrend in the Commonwealth of Independent States' export pig iron market continued during the last full week of 2019 on sales to key outlets at higher prices and expectations for further growth in early 2020, sources told Fastmarkets.

US PIG IRON: Market improves on restocking

The pig iron import market in the United States has improved with several new deals heard, sources told Fastmarkets in Friday December 20.

Uptrend in Brazilian pig iron export market continues on new sales

Pig iron export prices from Brazil continue to increase amid new sales, sources told Fastmarkets on Friday December 20.

Indian local secondary billet prices rise by $20 per tonne in a week on high feedstock prices

Indian domestic secondary billet prices rose by 1,400 rupees ($20) per tonne in the week ending December 20 on the rising cost of directly reduced iron (DRI), the main raw material used by Indian secondary billet makers.

Metinvest to cut pig iron shipments further in 2020

Ukrainian steelmaker Metinvest plans to continue cutting pig iron shipments in 2020 and to further increase its slab and steel output, sales director Dmitry Nikolayenko told Fastmarkets on the sidelines of the Middle East Iron & Steel (MEIS) conference in Dubai last week.

SPECIAL REPORT: MEIS 2019 - Bringing pivotal steel market intelligence into focus

Fastmarkets' Middle East Iron and Steel 2019 event brought together hundreds of the region's top industry executives for meetings, panels, seminars and more this month in Dubai.

Metinvest to start DR pellet sales in 2020

Ukraine’s Metinvest will start shipments of direct-reduced (DR) iron pellet in 2020, sales director Dmitry Nikolayenko told Fastmarkets on the sidelines of the Middle East Iron and Steel conference in Dubai last week.

US PIG IRON: Price growth restrained by earlier overestimation

The pig iron import market in the United States weakened slightly in the week ended Friday December 13, as sources suggested its strength had been restrained because earlier prices had been overestimated compared with scrap.

CIS PIG IRON: Market follows uptrend in scrap

Export pig iron prices from the Commonwealth of Independent States have moved higher during the week ended Thursday December 12, following the uptrend in the scrap market, source told Fastmarkets.

Brazilian pig iron export prices rise after further sales to China

Pig iron export prices from Brazil increased again on continued sales to China in the week to Friday December 6, sources told Fastmarkets.