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

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January 2020 | Steel Raw Materials

MPI markets saw growth in Brazil and China through 2019: Iron Metallics Market Analysis

Among key import markets, the United States remains the biggest single buyer, but we believe the growth in that market is over.

Combined exports of merchant pig iron (MPI) from major exporting hubs declined in 2019 with higher shipments from Brazil only partly offsetting lower volumes from Russia and Ukraine, as the first chart alongside illustrates. In the first nine months of 2019, Brazil increased its MPI exports by 43% year on year or by 573,076 tonnes. The pronounced rise was partly attributed to the low base in 2018 when the country experienced production and export disruptions due to the truck drivers’ strike in May that year. When compared with the corresponding period of 2017, exports...


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