October 2020

US PIG IRON: Market rises on tight supply

The market for imported pig iron in the United States improved during the week to Friday October 30 on new deals at higher prices, Fastmarkets has heard.

Brazil pig iron exporters bullish on higher charcoal costs, good local market

Brazilian pig iron suppliers were bullish about the export market because of possible higher charcoal costs and good local demand, but no serious negotiations have been heard at the offer level, sources said on Friday October 30.

CIS PIG IRON: Export market up on more sales to US, low supply

The price paid for pig iron exported from the Commonwealth of Independent States (CIS) rose in the week to Thursday October 29 on a new sale to the United States and Asia amid low availability, sources said.

IN CASE YOU MISSED IT: 5 key stories from October 23

Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look.

Indian secondary billet prices up $16 per tonne on rising DRI costs

Domestic prices for secondary steel billet in India increased by 1,200 rupees ($16) per tonne in the week to Friday October 23, mainly on account of an equal rise in the price of direct-reduced iron (DRI), which is the most widely used feedstock for making secondary billet in the country.

US PIG IRON: Activity resumes as largest buyer restocks

Buying activity in the United States pig iron import market resumed during the week to Friday October 23 because the largest buyer of the material needed to restock, according to sources.

Strong sales for Brazil export pig iron extend to first 2021-shipment trade

The export market for pig iron from the south of Brazil was strong during the week to Friday October 23, with one new sale being the first agreed for January shipment.

Tata Steel, SSAB decline to comment on rumors of merger talks

Major European flat steel producers Tata Steel and SSAB both declined to comment on speculation that they have begun merger talks, when the companies spoke to Fastmarkets on Friday October 23.

CIS PIG IRON: Export market steady on resumed sales to US

The pig iron export market out of the Commonwealth of Independent States was steady in the week to Thursday October 22 on resumed sales to the United States.

RESEARCH: Supply boost threatens iron ore price spike

The latest forecasts from Fastmarkets’ team of analysts are ready to view.