Research

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

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August 2019 | Steel Raw Materials


Prices set to be supported by stronger US scrap but reliance on a single buyer weighs on the market: Iron Metallics Market Analysis


Heavier reliance on a single destination has left Brazilian pig iron exporters more exposed to downside pressure.

After a strong focus on the domestic market through most of the last year, Brazilian independent producers of merchant pig iron appear to be shifting their focus back to the export market. As our first chart alongside highlights, a 23.1% decrease in Brazil’s exports of merchant pig iron (MPI) in the first seven months of 2018 was accompanied by a pick-up in steel production at the country’s electric-arc furnace (EAF) operators, by 5.7% year on year. In the current year-to-date, MPI exports...

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