January 2019

CIS PIG IRON: Market confused by opposing price trends in raw materials, HRC

The pig iron export market in the Commonwealth of Independent States (CIS) was confused by the opposing price directions taken by the raw materials and finished steel products markets during the week ended Thursday January 31.

Global DRI output up 12% in 2018, Worldsteel says

Global production of direct-reduced iron (DRI) increased by 11.59% in 2018, according to the latest statistics from the World Steel Association (Worldsteel).

Southern Brazil's pig iron export price said finding bottom

Pig iron exporters in southern Brazil expect prices to stabilize after another deal to the United States was concluded this past week, Fastmarkets learned on Friday January 25.

US PIG IRON: Market weak but further reductions doubtful

Pig iron buyers in the United States have continued purchasing materials for restocking purposes but at low prices, although further reductions were doubtful because suppliers were not ready to reduce prices further, sources told Fastmarkets on Friday January 25.

ITALY HBI: Prices fall on scrap market weakness

The import price for hot-briquetted iron (HBI) in Italy decreased further in the week ended Thursday January 24 due to the weak scrap market, Fastmarkets has heard.

CIS PIG IRON: Market stabilizing after mills stop price decreases

The Commonwealth of Independent States’ (CIS) pig iron export market showed signs of stabilizing in the week ended Thursday January 24, after rapidly declining since early November and suppliers showed no intention of cutting prices any further.

NLMK increases exports from Russia on higher slabs and pig iron demand

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, increased the export sales volumes from its Russian assets in 2018 because of higher demand for steel slabs and pig iron, the company said on Friday January 18.

IN CASE YOU MISSED IT: 5 key stories from January 18

Here are five Fastmarkets MB stories you might have missed on Friday January 18 that are worth another look.

Southern Brazil pig iron export price down again on lower deal

Pig iron exporters from the south of Brazil cut prices lower to sell a cargo to the United States, Fastmarkets learned on Friday January 18.

US PIG IRON: Buyers start restocking at lower prices

Pig iron buyers in the United States have resumed their purchases of material but at lower prices, sources told Fastmarkets on Friday January 18.