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

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April 2019 | Steel Raw Materials

HBI sees lower buying interest in Europe in 2018: Iron Metallics Market Analysis

EU import HBI discount to MPI exceeds the US price gap this year, following demand patterns.

Opposite dynamics were seen for hot-briquetted iron (HBI) versus merchant pig iron (MPI) net imports in the United States and the European Union last year. As the first chart alongside illustrates, at least over the last three years, HBI net imports showed an inverse relationship with MPI imports in both US and EU, indicating that buyers tend to choose between the two options to some extent, shifting their preferences based on their requirements and cost efficiency, we understand. Last year in particular, the US boosted pig iron (net) imports...


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