Research

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

Change font size:   

August 2018 | Steel Scrap and Metallics Forecaster


Brazilian pig iron market bearish in August: South America Market Analysis


Exports of pig iron from Brazil are set to rebound after low levels seen in May-July with the US remaining the key destination although its share in total shipments slipped to 30% in the year-to-date from the 2017’s peak of 44%.

Minas Gerais merchant pig iron (MPI) remained at a discount, of $10 per tonne on average in August, to Russia- and Ukraine-origin material in the Black Sea. Prices for Brazil-origin material dropped $15 in the north and $10 in the south-east of the country to average $388 and $373 per tonne fob respectively. The bigger price drop in the northern ports is partly attributed to higher supply. New capacity is coming on stream, although volumes added so far are modest: One pig iron producer in northern Brazil restarted operations in July but it only has capacity to make around 10,000 tonnes per month.

Pig...

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?