October 2019

US PIG IRON: Buyers start restocking as prices climb

Pig iron buyers in the United States have restarted their purchasing activity at higher prices because of a materials shortage, sources told Fastmarkets during the week ended Friday October 25.

CIS PIG IRON: Prices up on resumption of sales to key markets

Export pig iron prices from the Commonwealth of Independent States increased this week on the resumption of sales to key markets, with buyers accepting higher prices due to shortages of the steelmaking raw material.

Steelmaking Raw Materials Trade Log, October 23, 2019

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

HBI exports from Venezuela still low on sanctions pressure

Exports of hot-briquetted iron from Venezuela have remained low in recent weeks because of a continuing shortage of iron ore pellets and pressure from sanctions imposed by the United States, sources told Fastmarkets on Wednesday October 23.

US PIG IRON: Price rebound on shortage

Pig iron import prices in the United States rebounded during the week ended Friday October 18, but more as a result of lower material availability than better demand.

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.

CIS PIG IRON: Demand in China, low availability, strong scrap support prices

Steady demand in China, reduced availability of material and a rebound in the cost of scrap all gave support to the market for pig iron exports from the Commonwealth of Independent States during the week ended Thursday October 17, Fastmarkets has heard.

Export pig iron prices from southern Brazil stable with mills sold out

Pig iron export prices from the south of Brazil were stable during the week ended Friday October 11, because suppliers have sold out all the available material until mid-December.

PRICING NOTICE: Proposal to change pig iron/HBI price assessment publication times

Fastmarkets proposes changing the publication times of its weekly global pig iron and hot-briquetted iron price assessments from 3pm to 4pm London time.

US PIG IRON: Price falls stop despite weak fundamentals, suppliers refocus on China

Pig iron import prices in the United States stopped falling last week, despite weak scrap and hot-rolled coil prices, due to limited availability caused by suppliers focusing on the more lucrative Chinese market.