February 2019

US PIG IRON: Market calms to await scrap price trend in March

The import pig iron market in the United States calmed down during the week ended Friday February 22, after several bookings were completed, sources told Fastmarkets on the day.

CIS PIG IRON: Market stays strong but restocking slows down

The market for pig iron exports from the Commonwealth of Independent States (CIS) remained strong but restocking activity slowed down during the week ended Thursday February 21, sources have told Fastmarkets.

Higher iron ore costs boost Brazil's pig iron export prices

Export prices for pig iron from Brazil increased further during the week ended Friday February 15 on higher iron ore costs, sources told Fastmarkets.

US PIG IRON: Price rises as buyers resume purchases

Pig iron buyers in the United States have resumed purchases at higher prices, Fastmarkets learned on Friday February 15.

Metinvest merchant slabs output reduced on BF repairs

Merchant slab output at Ukraininan steelmaker Metinvest in the December-February period was below the production target due to repairs at the blast furnaces of Azovstal Iron & Steel Works and Illych Iron & Steel works, the company told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from February 14

Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.

CIS PIG IRON: Market strengthens as buyers start to accept higher prices

The market for pig iron exports from the Commonwealth of Independent States (CIS) strengthened further during the week ended Thursday February 14 because buyers in the United States, the key outlet, started to accept higher offer prices.

COMMENT: Has China started to import pig iron again?

Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets’ research team.

US PIG IRON: Suppliers insist on higher prices despite fall in prime scrap

Pig iron suppliers to the United States have increased their offer prices despite another fall in the price of prime scrap grades, citing lower availability and higher iron ore costs, Fastmarkets has heard.

Brazil's pig iron export price rises on long lead times, high iron ore prices

Export pig iron prices from Brazil have gone up due to mills being sold out until April, while iron ore costs have increased following an incident at one of Vale's mines in Brazil, Fastmarkets was told on Friday February 8.