April 2019

US PIG IRON: Low availability prevents price drop

Low availability prevented a sharp decline in US pig iron prices last week.

Export pig iron offers from southern Brazil down on lower demand, buyer pessimism

Pig iron export offers from the south of Brazil went down during the week ended Friday April 26 on lower local demand and a pessimistic mood among buyers, Fastmarkets has heard.

Metinvest trims pig iron sales volumes twice in Q1

Ukrainian steelmaker Metinvest, which was the largest global pig iron supplier in 2018, reduced its pig iron sales volumes twice in January-March 2019 because it switched to higher output of steel slab, the company said in an operational report on Friday April 26.

CIS PIG IRON: Market in holiday lull, depressed by weak HRC prices, scrap uncertainty

The market for pig iron exports from the Commonwealth of Independent States (CIS) has fallen into a lull for late April-early May holidays in the United States, Europe and the CIS, Fastmarkets heard on Thursday April 25.

IN CASE YOU MISSED IT: 5 key stories from April 24

Here are five Fastmarkets MB stories you might have missed on Wednesday April 24 that are worth another look.

NAIS 2019: Egypt’s DRI output to grow again in 2019

Egypt, the largest producer of direct-reduced iron (DRI) in Northern Africa, will increase its output further in 2019, Fastmarkets heard at the North Africa Iron & Steel Summit in Cairo on April 16-17.

NAIS 2019: Egypt to face short-term shortage of DR pellet

Egypt, the largest consumer of direct reduced (DR) grade pellets in North Africa, may face a short-term pellet shortage as a result of Vale’s production cuts, Fastmarkets heard at the North Africa Iron & Steel Summit in Cairo on April 16-17.

NLMK’s slab sales double in Q1 2019 on low EU demand, US duties

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, doubled its sales of steel slab to third parties in the first quarter of 2019 on reduced demand from the group’s European companies and the effects of import duties in the United States, the company announced on Tuesday April 16.

PRICING NOTICE: Delayed publication of India domestic, export, import steel prices

Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.

CIS PIG IRON: Prices hold steady in slow market

The market for pig iron exports from the Commonwealth of Independent States (CIS) has been in wait-and-see mode over the past week, with market participants expecting clarity to emerge in the price trend by the middle of April.