January 2021

US pig iron import market drops on lower-priced deals from Brazil

Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.

CIS PIG IRON: Buyers hold back, expecting further price falls

The export prices for pig iron from the Commonwealth of Independent States dropped during the week to Thursday January 28 on a bearish mood among buyers, sources have told Fastmarkets.

AT A GLANCE: Semi-finished steel drives Evraz Q4 sales

A summary of sales figures from Russian steelmaker Evraz in the fourth quarter of 2020, from its trading update report published on Friday January 29.

AT A GLANCE: MMK responds to improved steel demand with 15% higher output in Q4

A summary of the operational results for Russia’s Magnitogorsk Iron & Steel Works (MMK), for the fourth quarter of 2020.

CIS PIG IRON: Market softens on buyers pessimism

The export market for pig iron from the Commonwealth of Independent States softened during the week to Thursday January 21 on buyers’ pessimism amid a falling scrap market, sources told Fastmarkets.

Voestalpine restarts BF in Donawitz to meet growing steel demand

Austrian steelmaking group Voestalpine has decided to relight the second blast furnace (BF) at its Donawitz site to meet growing demand for long steel, the company said on Thursday January 21.

CIS FLAT STEEL: Market weakens on softer demand, lower prices from China

The export market for flat steel products from the Commonwealth of Independent States (CIS) weakened in the seven days to Monday January 18, amid growing competition from Chinese suppliers offering lower prices.

Pig iron export trade muted in Brazil, but offers stay high

Brazil's pig iron export market was subdued in the week to Friday January 15, but offer prices remained high, sources told Fastmarkets.

US PIG IRON: Growth slows but offers continue to rise

Growth in the pig iron import market in the United States slowed down in the week to Friday January 15, but suppliers are continuing to increase their offer prices.

CIS PIG IRON: Trading activity slow but suppliers remain bullish

The export market for pig iron from the Commonwealth of Independent States (CIS) was slow during the week to Thursday January 14, while suppliers remained bullish.