Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

April 2017 | Steel Scrap and Metallics Forecaster


US prices continue to attract Brazilian exports, temporarily: South America Market Analysis


Whereas softening scrap prices are widely perceived to be impacting pig iron prices in Europe and China (as elsewhere in Asia), it is somewhat surprising that scrap corrections in the USA are having little, negative impact on equivalent pig iron or HBI benchmarks.

While merchant pig iron prices in China and also more recently Europe and the Black Sea have come under pressure, in the USA and in turn Brazil, prices remain relatively high and firm. Indeed over the past month, US import prices have risen by roughly $15/tonne supporting higher prices out of Brazil, which are averaging $7.50/tonne higher. The differential or gap between pig iron prices in the Americas and in Europe was already wide, by recent historical standards, and quite dramatic in the...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?