April 2021

Brazilian pig iron export market strong despite long lead times

Pig iron export prices from Brazil went up again during the week to Friday April 30 despite long lead times.

US PIG IRON: Market silent but indicators continue to increase

The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.

India's secondary steel billet prices fall $7-8 per tonne on subdued demand

Indian domestic secondary billet prices fell by 500-600 rupees ($7-8) per tonnne in the week to Friday April 30, on subdued demand from finished steel producers, sources told Fastmarkets.

AT A GLANCE: Metinvest slab sales down in Q1 on higher flat steel output

A summary of the operational results for Ukrainian steelmaker Metinvest for the first quarter of 2021, from its trading update report published on Friday April 30.

CIS PIG IRON: Price up on further demand in Italy, low availability

Pig iron export prices from the Commonwealth of Independent State increased again in the week to Thursday April 29 on further demand in Italy and low availability.

NEWSBREAK: China plans big changes to ferrous raw materials taxes from May 1

China is planning sweeping changes to its tax regimes for ferrous raw materials from May 1, its Ministry of Finance said on April 27.

FOCUS: China likely to import more BOF raw materials in 2021, market sources say

Chinese steel mills are likely to import more pig iron, hot-briquetted iron (HBI) and steel scrap to feed basic oxygen furnaces in 2021 due to the stringent restrictions imposed on blast furnaces in China, market participants told Fastmarkets recently.

Brazilian pig iron export price up on strong demand

Pig iron export prices from Brazil increased further during the week to Friday April 23 with demand both in the United States and in the local market.

US PIG IRON: Market trends higher on strong demand

The pig iron import market in the United States increased further during the week to Friday April 23 amid strong demand.

CIS PIG IRON: Price up again on further sales to Italy and Turkey

Pig iron export prices from the Commonwealth of Independent States went up again during the week to Thursday April 22 in new sales to Italy and Turkey, but once again no spot sales were reported to the United States.