March 2019

Brazilian export pig iron price rises as mills sell out

The export price for pig iron from Brazil has improved because of the long lead times for the material, Fastmarkets learnt during the week ended Friday March 29.

CIS PIG IRON: Market stands still awaiting price trend in April

The market for pig iron exports from the Commonwealth of Independent States (CIS) was calm during the week ended Thursday March 28, as participants awaited a clearer sense of direction for prices in April.

Ukraine’s Metinvest to cut pig iron sales in favor of higher slab, HRC exports, CEO says

Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview.

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, Fastmarkets 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.