February 2020

US PIG IRON: Market up on higher deals, positive expectations in scrap

The pig iron market in the United States during the week ended Friday February 28 went up on new bookings and amid expectations of higher scrap prices in March, sources have told Fastmarkets.

CIS PIG IRON: Prices up on new sales

The export market for pig iron from the Commonwealth of Independent States strengthened again in the week to Thursday February 27, on resumed sales to key destinations.

Russia’s IMH reschedules stops to cut March rebar availability on weak market

Industrial Metallurgical Holding (IMH) will start maintenance of a blast furnace (BF) at its Tulachermet facility early to reduce rebar supply in March from Tula Steel due to a weak market, the company told Fastmarkets on February 25.

Export pig iron price from southern Brazil rises as sales resume

Export pig iron prices from southern Brazil went up during the week ended Friday February 21 on a resumption of sales.

CIS PIG IRON: Market improves on scrap gains, suppliers’ wait-and-see approach

The export market for pig iron from the Commonwealth of Independent States improved during the week ended Thursday February 20 due to continued scrap price increases. Additionally, suppliers have opted to hold back sales, contributing to the bullish mood in the market.

CIS PIG IRON: Market stronger than buyers’ expectations on low availability

The market for pig iron exports from the Commonwealth of Independent States (CIS) was stronger than buyers expected during the week ended Thursday February 13 despite low availability, sources have told Fastmarkets.

US PIG IRON: Trade resumes but scrap weakness lowers prices

Pig iron buyers in the United States have resumed purchasing material but at lower prices amid the weak scrap market, sources told Fastmarkets on Friday February 14.