March 2021

US PIG IRON: Prices edge down under pressure from falling scrap values

Pig iron import prices in the United States weakened in the seven days to Friday March 26 under pressure from falling scrap values, sources told Fastmarkets.

Brazilian pig iron export prices fall on slow demand

Pig iron export prices from Brazil fell in the week to Friday March 26 on slow demand, sources said.

CIS PIG IRON: Market softens but suppliers maintain offers

The export price for pig iron from the Commonwealth of Independent States (CIS) fell in the week to Thursday March 25, although the drop was capped by steady supplier offers, sources said.

EU GREEN STEELMAKING: Hybrit JV to build world’s first fossil-free DRI plant

The Hybrit joint venture in Scandinavia is to build the world’s first production plant for fossil-free direct-reduced iron (DRI) in Gällivare, Sweden.

IN FIGURES: China’s HRC exports rise 150% in Jan-Feb

China exported 1.81 million tonnes of hot-rolled coil in the first two months of 2021, an increase of 150% from the same year-earlier period, according to the country’s customs data.

US PIG IRON: Trading muted, but market still firm

Trading activity in the United States' pig iron import market remained muted but firm during the week to Friday March 19, sources said.

Brazilian pig iron export market stable on lack of deals

No new deals were reported in the pig iron export market from Brazil during the week to Friday March 19, with the market remaining firm.

Indian domestic secondary billet prices fall slightly on weak demand for finished products

Indian domestic secondary billet prices fell by 100-200 rupees ($1-3) per tonne during the week to Friday March 19 on fewer inquiries and weakness in prices for finished products such as rebar.

CIS PIG IRON: Market sentiment dips on scrap market reduction

Market sentiment in the export market for pig iron from the Commonwealth of Independent States (CIS) declined over the week to Thursday March 18 on a price reduction in the Turkish scrap market, which is a strong indicator for pig iron buyers, sources said.

Export prices from south of Brazil stable, awaiting new deals

The pig iron export market from Brazil was stable during the week to Friday March 12, with no new deals heard because suppliers were fully booked, Fastmarkets heard.