Export pig iron prices in Brazil are currently around $400/mt, FOB conditions, for the steelmaking grade product from producers in the north of Brazil.
A local exporter told SteelOrbis that such price translates into $415/mt, CFR conditions, when considering shipments to ports in the East coast of the US.
The source added that there is a consistent demand from consumers in the US, which could result in higher prices in the short term.