August 2019

Brazilian pig iron export price down on weak scrap market

The Brazilian export price for pig iron has fallen over the past week on poor sentiment among buyers due to weakness in the scrap market, sources told Fastmarkets on Friday August 30.

CIS PIG IRON: Prices uncertain as market returns from holidays

Buyers in the export market for pig iron from the Commonwealth of Independent States (CIS) preferred to hold back from purchases this week because of a sufficiency of stocks and a lack of certainty about the fair market price, sources told Fastmarkets on Thursday August 29.

US PIG IRON: Market slow and soft on unclear price trend

The import pig iron market in the United States was slow and soft in the week to Friday August 23, with most participants preferring to remain in wait-and-see mode amid price trend uncertainty, sources told Fastmarkets.

Brazilian pig iron export sales resume but limited by price uncertainty

Export sales of pig iron from the south of Brazil have resumed but activity was still limited by uncertainty about which direction prices will move in the near future, sources told Fastmarkets on Friday August 23.

CIS PIG IRON: Market softens on holiday lull, lower scrap costs

The export market for pig iron from the Commonwealth of Independent States (CIS) was quiet during the week ended Thursday August 22, on holiday absences and the competitive cost of scrap as an alternative.

Inactive Brazil pig iron export market still more alluring than domestic

Brazil's pig iron export market remains inactive but is still more attractive for suppliers than the domestic market, sources told Fastmarkets on Friday August 16.

US PIG IRON: Market muted as buyers take wait-and-see stance

The import pig iron market in the United States was muted during the week ended Friday August 16 with buyers in wait-and-see mode, sources have told Fastmarkets.

CIS PIG IRON: Market seasonally inactive on pessimistic sentiment, falling iron ore values

A lack of activity combined with pessimism and weak iron ore prices to leave export prices for pig iron from the Commonwealth of Independent States (CIS) unchanged in the week to Thursday August 15.

Brazil pig iron export market muted on long lead times

The export market for pig iron from Brazil was muted this week because suppliers were sold out for September, sources told Fastmarkets on Friday August 9.

Gerdau pushes for lower scrap, pig iron costs with rebar price under pressure

Brazilian steel producer Gerdau took a stronger stance in negotiations with pig iron and ferrous scrap suppliers in the second quarter to keep its metal spread from falling, chief executive officer Gustavo Werneck said in a conference call on Wednesday August 7.