July 2021

US PIG IRON: Negotiations intensify; buyers insist on lower prices

Negotiations in the United States' pig iron import market became more active during the week ended Friday July 30, although buyers have insisted on much lower prices than suppliers offered.

Brazil's pig iron export market retreats, catching up with global prices

Brazil’s pig iron export market declined in the week ended Friday July 30, in line with lower prices globally, sources said.

Indian secondary billet prices up $11 on higher cost of DRI

A surge in raw material prices, principally for direct-reduced iron (DRI), over the week ended Friday July 30 has led to Indian secondary billet prices rising by about 800 rupees ($11) per tonne.

CIS PIG IRON: Prices down on bearish buyers

The export market for pig iron from the Commonwealth of Independent States weakened during the week to Thursday July 29, with bearish sentiment among buyers and high availability of material pushing prices lower.

PRICING NOTICE: Proposal to update Fastmarkets Metals & Mining assessment methodology

Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology.

IN CASE YOU MISSED IT: 5 key stories from July 29

Here are five Fastmarkets stories you might have missed on Thursday July 29 that are worth another look.

NEWSBREAK: China to increase export taxes on pig iron, ferro-chrome

China will raise its export tariffs on ferro-chrome and high-purity pig iron from August 1, its Ministry of Finance said on Thursday July 29.

IN CASE YOU MISSED IT: 5 key stories from July 28

Here are five Fastmarkets stories you might have missed on Wednesday July 28 that are worth another look.

IN CASE YOU MISSED IT: 5 key stories from July 26

Here are five Fastmarkets stories you might have missed on Monday July 26 that are worth another look.

US PIG IRON: Spot market activity zero; buyers await lower prices

There was no activity in the spot pig iron import market in the United States during the week to Friday July 23, because buyers have refrained from booking in wait of lower prices.