For the week ended March 17, SteelOrbis reported an ex-Brazil basic steelmaking pig iron deal to the US completed at $360/mt FOB Northern Brazil port. As a result, offer prices moved up to $345-360/mt Southern Brazil port and $360-375/mt FOB Northern Brazil port.
For the week ended March 24, sources are informing SteelOrbis that a deal from the Southern Region was completed at $365/mt FOB to the US.
Current offer prices are reportedly heard at $380/mt FOB Northern Brazil and $370-375/mt FOB Southern Brazil. The new prices reflect an increase of $20/mt on the bottom of the previous range and $5/mt on the top of the previous range for Northern origin offers. For Southern origin, offers increased $20/mt on the bottom of the previous range and $5/mt on the top of the previous range.