October 2021

Brazil, US pig iron markets more optimistic, but deals lacking

Brazilian pig iron sellers are more optimistic amid increased demand in global markets, but no deals have been heard in the country’s main producing regions.

Rising DRI prices, renewed buying perk up Indian secondary billet prices

Indian domestic secondary billet prices increased slightly by end of the week to Friday October 29 on renewed buying interest and rising raw material prices.

CIS PIG IRON: Prices keep rising amid limited availability

Prices for pig iron originating from the Black Sea basin continued to grow in late October, supported by limited availability of the material.

CHINA PIG IRON: Prices edge up on tight supply from Brazil

Prices for imports of basic pig iron into China have inched upward over the past fortnight, after transactions for Brazilian cargoes completed on October 15, sources told Fastmarkets on Thursday October 28.

AT A GLANCE: NLMK Q3 sales down by 4% due to steel output reduction

A summary of the operational results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021

CIS PIG IRON: Deal prices keep rising on bullish outlook

Prices achieved in export deals for pig iron from the Commonwealth of Independent States region continued to rise in the week to Thursday October 21, supported by limited allocations of material and bullish expectations for the future price trend.

Metalloinvest to build world's largest HBI facility

Russia’s Metalloinvest plans to construct the world's biggest hot-briquetted iron (HBI) facility, to help speed up the transition to green steel production, the company said this week.

Pig iron export market from southern Brazil up on new sales

The market for pig iron exports from the south of Brazil went up during the week to Friday October 15 because of new sales, Fastmarkets has heard.

US PIG IRON: Prices up on positive global market mood

Prices in the United States’ pig iron import market went up during the week to Friday October 15 amid an improved global market mood, sources told Fastmarkets.

FOCUS: High price of coking coal pressures CIS steelmakers, particularly in Ukraine

Record-high coking coal prices have been pressuring steelmakers in the Commonwealth of Independent States (CIS), mainly in Ukraine, because of a dependence on imports, sources told Fastmarkets.