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

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December 2018 | Steel Scrap and Metallics Forecaster

Brazilian pig iron has become increasingly competitive this year, especially in the south-east: South America Market Analysis

As suppliers in the north are not exposed to changes in the domestic market, the premium for lower-phosphorous MPI in the north of Brazil over that in the south-eastern ports widened in the third quarter and further in the fourth quarter-to-date, as the first chart alongside illustrates.

Merchant pig iron (MPI) prices for Brazil-origin material have returned to being at a discount to the Black Sea MPI. The year-to-date discount has averaged $2 per tonne through the week ending Friday December 14. This compares to a $2-per-tonne premium last year and average discounts of $13 and $5 in 2016 and 2015 respectively. On a weekly basis, MPI from the south-east Brazilian region of Minas Gerais has been at a discount to CIS material ever since production fully recovered in Brazil after truck drivers’ strike in...


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